May 03, 2022
Net income rose 61% to $7,339,000 from $4,492,000 for the period ended Mar. 31 as total sales soared 90.5% to $167,025,000 from $87,667,000.
The bottom line tumbled 58% to $9,103,000 in the first quarter from $21,546,000 last year, on 11% lower revenues of $241,981,000, down from $272,806,000, including an 11.4% drop in same store sales.
Net income jumped 131% to $10,137,000 over $4,398,000 on 21% higher sales of $131,698,000 up from $108,626,000 for the fiscal second quarter ended Apr. 2 on higher unit sales, more value added services, and price increases across segments.
Moody’s said that debt from the recent Svendsen Sport acquisition and last year’s purchase of Plano Synergy Holdings would keep pro forma leverage at Pure Fishing parent, SP PF Buyer LLC, at around 7.8x, even taking into account expected synergies.
Following its purchase of SOG Specialty Knives in Dec., Gridiron Capital-backed GSM has acquired another outdoor company, adding Bill Lewis Lures to its portfolio of hunting, shooting, and outdoor brands.
Canadian performance sock brand Endur Apparel is rebranding under the name Outway, following a $3.2 million dollar investment, led by Tiny co-founder Andrew Wilkinson.
NSSF-adjusted NICS FBI background checks declined 20% last month to 1,359,908 from 1,694,118 a year ago, and are down 22% year-to-date, as the industry sees firearms demand normalizing.
While not issuing a formal recall, CLAR asked owners of Pieps and Black Diamond avalanche transceivers beacons to verify that the device switches from Send to Search mode properly.