Implied net income fell by a third in the second quarter to ¥20,017 million ($128.4 mm) from ¥30,175 million in 15% lower sales of ¥116,330 million ($746.2 mm) down from ¥137,179 million despite a return to growth in North America and big gains in China.

The retailer’s net loss expanded to $10,004,000 in the second quarter from a loss of $282,000 last year, as revenues slumped 11% to $199,824,000 from $223,567,000, both in line with guidance, and same store sales fell 9.9% on top of last year’s -12% comp.

Net loss narrowed by half to $1,243,000 from a loss of $2,715,000 on a 2% decline in sales to $98,258,000 from $99,822,000 for the second quarter as the company lapped non-recurring Servus manufacturing sales.

After staunchly backing the sale of its Kinetic Group ammunition business to Czechoslovak Group for the past 10 months, VSTO’s board has agreed to engage with MNC Capital, which is trying to buy the whole company.

The Berkshire Hathaway-owned running company said revenues were up 15% and set a new record for the second quarter, driven by double-digit growth in wholesale and DTC.