June 06, 2019
Net income was $793,000 in the first quarter ended May 4 compared to a loss of $2,607,000 in 2018, as revenue increased 3% to $212,928,000 from $206,287,000 including a comparable sales increase of 3.3%, marking 11 consecutive quarters of positive comps.
President Trump said he would decide on whether to impose tariffs on the remaining $300 billion of exports not already being hit with a 25% tariff after the G-20 meeting in Japan on June 28-29.
Total retail and rental sales were up 10% to $114,082,000 from $104,162,000 in the fiscal third quarter ended Apr. 30 and gross profit from stores also improved 10% to $75,891,000 from $69,218,000.
NSSF-adjusted NICS FBI background checks edged up 0.7% to 910,910 in a seasonally slow month from 904,834 in 2018, the first uptick since January.
Lew’s Holdings, which consists of the Lew’s, Strike King, and several other fishing brands, has been sold by its PE owners Peak Rock Capital to BDT Capital Partners.
The UK-based climbing hardware manufacturer will open a U.S. office and take control of its own sales and distribution serving specialty outdoor retailers and climbing gyms.
Xtreme Outdoor Products is recalling about 1,165 XOP climbing sticks used to climb trees, because they can break due to a bolt failure on the center step, posing a fall hazard.