Net income bounded back 154% to $102,725,000 from $40,476,000 for fiscal Q1 ended June 27 as net sales rose 38% to $662,912,000 from $479,140,000. Gross margin improved 1,030 b.p. to 36.4% from 26.1%. SG&A expense was up 27% to $91,903,000, while leveraging by 120 b.p. to 13.9% from 15.1% on the stronger top line.

Shooting Sports segment sales grew 39% to $463 million, on 39% higher ammunition sales, led by pistol, rimfire and shot-shells, with growth across all channels. Hunting and shooting was up 37% on triple-digit growth in RCBS reloading supplies and Gold Tip arrows. Segment gross margin improved to ... Log in to view full article.