Net income improved 26% to $12,398,000 against $9,808,000 for the 13 weeks ended Nov. 3 as sales rose 2% to $223,099,000 from $218,115,000 with comp store sales adjusted for the calendar shift growing 0.5% and five more stores opened. Despite gross margin and SG&A deleverage, interest costs were reduced by $900,000 with a new credit facility to $2.6 million and the tax rate fell to 16.7% from 38.3% to drive the improvement. The chain remains confident it is gaining share in the still challenging gun market with units sold up 8.8% against the backdrop of an 8.3% decline in NICS ... Log in to view full article.