A more promotional third quarter to move excess inventory resulted in a net loss of $1,331,000 against income of $12,877,000 for the period, as revenues slipped 5% to $340,569,000 from $359,720,000. Same store sales decreased 11.4%, attributed to a customer base that pulled back discretionary spending after feeling pressure from inflation and worrying about a possible recession. But Hamas’ attack on Israel and fears of religious violence in the U.S. gave a boost to self-defense demand in Oct., leading to better than planned shooting sports segment sales.

New CEO, Paul Stone, who ... Log in to view full article.