February 23, 2021
Net income rocketed 821% higher to $183,330,000 from $19,913,000 on record revenues that were up 57% to $411,506,000 over $262,979,000. The bottom line was boosted by a $119,907,000 tax benefit versus a prior year benefit of $13,693,000, related to changes in the tax structure of operations.
Trade expert Nicole Bivens Collinson of Sandler, Travis & Rosenberg provided an update on a broad range of trade issues, including the ongoing disputes with China, at a webinar hosted by the SFIA.
Bass Pro and Cabela’s parent Great American Outdoor Group is refinancing its $4.1 billion senior secured term loan to extend the maturity out to 2028 and reduce its interest expense.
Handgun imports jumped 125% to 469,773 units in Nov., according to ITC data compiled by the NSSF, including a 125% increase in pistols to 438,789 and a 127% gain in revolvers to 30,984.
Groupe Rossignol’s Time Sport International subsidiary has sold its pedal division to SRAM, which also owns the Quarq, Rockshox, Truvativ and Zipp brands.
Outdoor Retailer will move from its planned Jun. dates to Aug. 10-12, 2021 at the Colorado Convention Center in Denver, while the inaugural Big Gear Show will debut in Park City, UT, a week earlier, on Aug. 3-5.