SGB Update Sportsmans
Brunswick Posts Solid First Quarter Sales and Adjusted Profits
Brunswick Corporation reported consolidated net sales of $1.74 billion for the first quarter of 2023, up 2.8 percent from $1.70 billion in the first quarter of 2022. Diluted EPS for the quarter was down 30.7 percent to $1.56 a share on a GAAP basis but up 1.6 percent to $2.57 a share on an adjusted basis.
Tractor Supply Sees Q1 Profit Decline As Comps Fall Short Of Plan On Weather Issues
Tractor Supply Company reported that net sales for the first quarter increased 9.1 percent to $3.30 billion from $3.02 billion in the first quarter of 2022. Comparable store sales increased 2.1 percent, as compared to an increase of 5.2 percent in Q1 last year first.
Survey: RV Shipments Fall 51 Percent In March; Park Models Buck Negative Trend
The RV Industry Association reported that its March 2023 survey of manufacturers found that total RV shipments ended the month with 31,869 units, a decrease of 50.8 percent compared to the 64,778 units shipped in March 2022.
Report: U.S. Footwear Sales Slip In Q1 But Performance Footwear Gains
U.S. footwear industry sales revenue was down 3 percent in the first quarter year-over-year to $9.0 billion, according to point-of-sale data published by Circana, formerly The NPD Group. Gains in the performance footwear category, led by basketball, were offset by declines in the leisure and fashion categories.
Academy Sports + Outdoors To Open First Store In Peoria, IL
Academy Sports and Outdoors, Inc. reported it will open its first location in Peoria, IL, this summer; this is the second location in Illinois, set to open in Grand Prairie Plaza. The floor space covers over 60,000 square feet.
Ed Brown Products Names New Sales And Marketing Director
Ed Brown Products, the maker of custom handguns and components, hired Dave Biggers as sales and marketing director.
Patriot Ordnance Factory Names Two Regional Account Sales Managers
Patriot Ordnance Factory Inc. expanded its sales team. The company hired Bobby Walla as Eastern U.S. Account Manager, and Lucas Feringa was promoted to Western U.S. Account Manager.
Levi Strauss Snaps Up New SVP And Chief Marketing Officer
Levi Strauss & Co. hired Kenny Mitchell as Levi’s brand’s senior vice president and chief marketing officer, effective June 5, reporting to Michelle Gass, president of Levi Strauss & Co.
American Outdoor Brands Secures Trademark And Patent Settlement Agreement With GSM Outdoors
American Outdoor Brands, Inc. executed an agreement on April 6 with Good Sportsman Marketing, LLC (GSM) to settle litigation related to GSM’s improper use of trademarks owned by AOB and allegations of infringement of AOB’s patent rights.
NSSF: Firearms Industry Economic Impact Surges 322 Percent Since 2008
The total economic impact of the firearm and ammunition industry in the United States increased to $80.73 billion in 2022 from $19.1 billion in 2008, a 322 percent increase, while the total number of full-time equivalent jobs rose to over 393,696 from approximately 166,000, a 136 percent increase in that same period, according to a report released by the NSSF, the firearm industry’s trade association.
Malibu Boats’ Chief Financial Officer Departs; Company Appoints Interim CFO
Effective immediately, Malibu Boats, Inc. hired David Black as interim chief financial officer. Malibu’s current CFO, Wayne Wilson, notified the company of his resignation to pursue a similar role at a private equity-backed company.
MidwayUSA Promotes New Inventory Control And Services Manager
MidwayUSA promoted David Naugle to inventory control and services manager.
Academy Sports + Outdoors To Open New Store In Lafayette, IN
Academy Sports + Outdoors reported it will open its first store in Lafayette, LA, on April 21. The approximately 60,000-square-foot store marks the first retail store the company will open in 2023.
Study: Global Supply Chain Volatility Falls To Lowest Level Since July 2020
The GEP Global Supply Chain Volatility Index concluded that global supply chains operate more efficiently today, signaling the lowest stress level since July 2020.
Camping World Holdings To Acquire All Seasons RV In Yuba City, CA
Camping World Holdings, Inc. agreed to acquire All Seasons RV in Yuba City, CA. The acquisition is expected to close in the third quarter of 2023, increasing its California location count to twenty-one.
