Net income declined 7% to $9,808,000 from $10,514,000 last year when the election drove strong firearms demand as sales inched up to $218,115,000 from $217,161,000 for the 13 weeks ended Oct. 28. Overall comps were down 7.0% despite being positive in four of its six categories but a 12.4% decline in firearms comps and a 19.4% decline in ammo comps more than offset the gains as firearms historically represents about 50% of total sales. Footwear comped up 1.0% while fishing was up 4.3% and camping was up 0.2%. Apparel was down 1.1% stacking against a 5.2% comp last year.

While the ... Log in to view full article.