SGB Update Sportsmans

NICS Firearms Background Checks Up 6.5 Percent In January

The January 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1.27 million is an increase of 6.5 percent compared to the January 2022 NSSF-adjusted NICS figure of 1.19 million.

Daniel Defense Names New CEO

Daniel Defense, the manufacturer of firearms and accessories, reported that Rod Reasen will assume the role of chief executive officer. He will report directly to founder, owner and chairman of the board, Marty Daniel.

NRF Economist Sees 2023 Recession As Unlikely Prospect

The National Retail Federation Chief Economist, Jack Kleinhenz, believes a recession is unlikely in 2023, and the economy should see slight growth for the year as consumers continue to manage through inflation and high interest rates.

Brunswick Reports Double-Digit Fourth Quarter Sales Growth

Brunswick reported consolidated net sales of $1,58 billion in the fourth quarter of 2022, up
from $1,43 billion in the fourth quarter of 2021. Diluted EPS for the quarter was $1.93 on a
GAAP basis and $1.99 on an as adjusted basis.

American Outdoor Brands Files Suit Against Allen

American Outdoor Brands, Inc. filed a complaint against The Allen Company, Inc. alleging repeated infringement by Allen of American Outdoor Brands’ patent rights incorporated in a variety of products.

Vista Outdoor’s Fiscal Q3 Earnings Slump 39 Percent

Vista Outdoor, Inc. reported earnings on an adjusted basis fell 39.2 percent in its fiscal third quarter ended n December 25, as sales declined 5 percent. Sales dropped 13 percent in its Sporting Products segment while gaining 5 percent in its Outdoor Products segment. The company slightly downwardly adjusted its guidance for the year.

Costco January Comps Fall 15.4 Percent

Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.