May 09, 2018
A majority of shares approved a proposal that will require the company’s board to report by Feb. 8, 2019 on RGR’s efforts to develop more safety features in its guns and assess the reputational risk that the company faces as a result of manufacturing firearms.
Net income reached a Q1 record of $46.7 million compared to $16.7 million for the first quarter ended Mar. 31 as sales fell 10% to $534.1 million from $591.3 million, but were up 23% adjusted for store closures, the sale of Sebago and the Defense Department business and conversion of Stride Rite to a licensed model.
Gaiam and And1 were key performers in the quarter, with the yoga brand adding organic supplements and beverages to its established softgoods and equipment businesses, and And1 launching its 25th anniversary ad campaign.
DKS is being sued by Bryan Orrio and Keeley McCallum for selling them floor model Old Town kayaks that took on water, causing both serious injuries when they pulled the waterlogged kayaks out of class II rapids to shore.
Specialized Bicycle Components is recalling about 1,800 Fuse Comp and Fatboy SE bikes with Stout cranks because the driveside crankarm can disengage and cause the rider to lose control.
The payouts from the JD Sports acquisition we reported for the senior executives overstated the actual payouts because the options listed were below the sale price so there will obviously be no exercise of them.