September 02, 2020
Net income increased nearly six fold in the second quarter to $32,461,000 from $5,498,000 on an 80% jump in sales to $380,989,000 up from $211,766,000 that including a 61% increase in same store sales.
Bean CEO, Steve Smith, said that sales have been fantastic over the summer, driven by bikes, boats and outdoor gear, and demand for winter sports gear like snow shoes, sleds, and other outdoor hard goods has already started.
After triple-digit gains in June and July. NSSF-adjusted NICS FBI background checks were up 51.2% to 1,684,083 last month from 1,113,535 in August 2019.
Ten Eleven Pearl LLC, the landlord of Fjallraven’s Boulder, CO, store is suing the outdoor company in County District Court for $127,381 in unpaid rent and other fees, and wants to repossess the property.