Net loss narrowed to $4,427,000 in the second quarter from a loss of $7,083,000 last year, helped by better product margins and SG&A savings, as revenues inched up 1% to $295,583,000 from $293,899,000, including a flat comp. E-commerce sales did slightly better, increasing nearly 3% in the quarter, led by a 10% increase in Fishing and 6% growth in Hunting. Adjusted EBITDA was $8.7 million, up from $8.3 million a year ago.
Hunting and Shooting Sports sales grew 8% to $154.9 million, leading all categories as firearms and ammunition drove the gains. ... Log in to view full article.