The outdoor retailer’s bottom line dropped 45% in the second quarter to $17,723,000 against $32,461,000 on 5% lower revenues of $361,778,000 down from $380,989,000, anniversarying the huge demand sparked by the pandemic and civil unrest last year. Comp store sales, which exclude recent openings and the conversion of several Field & Stream stores acquired from Dick’s, were off 9.9%. Other metrics were also moving in the wrong direction, with gross margin contracting 70 basis points to 33.2% and SG&A increasing 15% in dollars ... Log in to view full article.