May 07, 2018
Net income gained 14% to $8,059,000 from $7,093,000 in the first quarter while sales inched up 1% to $114,813,000 from $113,252,000 on retail segment increases that more than offset declining direct sales.
Net income was $403,000 against a loss of $1,455,000 for the three months ended Mar. 31 with net sales up 28% to $53,267,000 from $41,556,000 comprised of domestic sales growing 30% to $25,654,000 against $21,337,000 and international sales up 37% to $27,613,000 from $20,219,000.
Net income was $1,350,000 compared to $1,312,000 for the second quarter ended Mar. 31 as sales declined 4% to $100,004,000 from $104,138,000, but were up 2% excluding comparisons with the now sold Junk Food business.
Net income doubled to $21,224,000 from $10,528,000 in the first quarter on 22% higher sales of $129,792,000 vs. $106,330,000 boosted by a 34% jump powered vehicle product sales but just a 10% increase in sales of bike products.
Back in the red following a strong gain last month after the Parkland shooting raised fears of gun control, NSSF-adjusted FBI NICS checks slipped 4.1% to 1,065,927 in Apr. from 1,111,649 last year.
Super Retail Group’s Rebel and Amart Sports segment reported 2.2% higher same store sales for the 17 weeks through Apr. 28, boosted by efforts to optimize assortments as the Amart banner is absorbed into Rebel.