The bottom line plunged 81% to $1,998,000 in the first quarter from $10,450,000 last year, on a 5% decline in revenues to $309,505,000 from $326,992,000, including an 11.6% drop in same store sales. SPWH reported lower demand across all product categories compared to the government stimulus-boosted quarter last year, which also saw increased interest in firearms and ammo that was triggered by social unrest. All segments declined, but apparel (-4.4%) and footwear (-6.7%) were down the least, followed by hunting and shooting (-10.0%), camping (-14.9%), optics, electronics and accessories (-15.7%) and ... Log in to view full article.