August 04, 2017
Segment sales increased 14% to $782 million from $685 million overall, but pro forma core sales dropped 1% pulled down by weakness in fishing.
Operating income was $4,928,000 against a loss of $49,967,000 last year which included an impairment charge, as sales slipped 12% to $209,053,000 from $236,514,000.
Net income more than doubled to $16,553,000 from $6,841,000 in the fiscal third quarter ended Jun. 30 boosted by a 290 basis point gross margin expansion to 45.5% on sales that gained 11% to $155,274,000 from $139,300,000.
FBI background checks were down 25.1% to 907,348 compared to 1,210,731 last year, according to adjusted NICS figures from the National Shooting Sports Foundation.