August 29, 2019
Some 160 trade organizations including all the major sporting goods ones asked President Trump to delay imposition on new tariffs Sep. 1 and Dec. 15, and some 209 footwear companies sent a separate letter from the FDRA pointing out specific reasons why their industry would suffer disproportionately.
Net income came in at $27,407,000 against a loss of $38,356,000 for the second quarter ending Aug. 3, as revenue was up 8% to $860,198,000 from $795,268,000 despite an overall comp sales decline of 0.6% compared to a 9.7% increase last year.
The Smith & Wesson parent had a loss of $2,108,000 in its seasonally small fiscal first quarter ended July 31, against a profit of $7,645,000 last year, on 11% lower sales of $123,665,000 down from $138,833,000.
Without offering specifics on sales and earnings, the ratings agency lowered the outlook to stable from positive as the big box chain said muted sales growth and dollar margins in H1 combined with slower economic growth and a 30-35% chance of a recession in the next year mean that Bass Pro’s leverage is likely to remain in the low- to mid- 5X range.
In its second trade dress infringement suit this week, Yeti’s busy lawyers accuse South Jetty Products of copying the Tundra and Roadie Coolers and Rambler tumbler.
Decathlon USA is recalling about 50 Simond brand Rocky Screwgate aluminum pear shaped carabiners with a small gate and screwgate because incorrect assembly can cause the carabiner to unlock while in use.