August 23, 2018
Despite the negative impact of the western fires on its camping business, Sportsman’s Warehouse enjoyed a significant increase in its firearms business to post flat net income of $6,551,000 against $6,554,000 for the 13 weeks ended Aug. 4 on a 6% sales improvement to $203,288,000 from $191,493,000 that included a comp store gain of 0.2% overall.
The Chinese footwear and apparel brand saw H1 comprehensive net income slip 16% to RMB310,174,000 ($48.6 million) from RMB367,787,000 pulled down by a RMB75 million swing in ForEx adjustments, as revenues increased 8% to RMB3,016,853,000 ($472.9 mm) from RMB2,798,142,000.
Comprehensive net income at the Australian skate and surf company more than doubled to A$9,958,000 ($7.5 mm) from A$4,710,000 for the fiscal year ended Jun. 30 on 5% higher revenues of A$147,726,000 ($111.8 mm) up from A$140,484,000.
Comprehensive net income was off 24% to HK$31,010,000 ($4.0 mm) from HK$40,729,000 for the first half ended Jun. 30, as revenues expanded 5% to HK$466,978,000 ($59.9 mm) from HK$444,996,000.