May 20, 2020
Net loss was $16,190 for the first quarter ended May 2 against last year’s earnings of $13,873,000 on sales of $147,945,000, down 42% from $253,810,000 with comps were 3.9% through Mar. 12 before taking 42.3% plunge as lockdowns set in.
The 16-page document classifies sports into low, moderate and high risk activities with varying guidelines for resuming practice and competition, but the thrust of the guidelines makes clear that the 2020-21 school season will be a long ways from normal.
The ratings agency completed its periodic review of Amer, maintaining the B3 corporate family rating it assigned the company back in March.
As more states allow non-essential retail to reopen, fully 75% of off-course golf stores are now open to foot traffic, up from 61% last week, according to the National Golf Foundation audit.
Families stuck at home due to the coronavirus pandemic sent sales of outdoor and sports toys up 51% to an implied $571 million for the month, while the whole toy industry grew 22% in April, according to NPD Group.