Smith & Wesson Misses Esimates; Q1 Sales Fall 6.7%
Smith & Wesson Holding Corporation reported total company net sales of $94.9 million for the first fiscal quarter ended July 31, 2010 decreased $6.8 million, or 6.7%, compared with net sales of $101.7 million for the comparable quarter last year, a period that the company said "reflected a peak in industry-wide firearm sales and record sales for the company."...(9/9/2010)
Forzani Cuts Second-Quarter Loss on 6.5% Revenue Gain
The Forzani Group Ltd. cut its net loss in the second quarter ended Aug. 1 with the aid of improved margins and sales. Total revenue was up 6.5% from a year earlier led by a 5.6% increase in retail sales from corporate stores. The Canadian sporting goods chain also said results in the first five weeks of the fiscal 2011 third quarter continued to...(9/7/2010)
Dick's SG's Q2 Profit Jumps 32%, Raises Guidance
Dick's Sporting Goods, Inc. reported second-quarter earnings jumped 32.3%, exceeding guidance provided on May 18. The 5.7% consolidated same store sales increase consisted of a 5.6% increase in Dick's Sporting Goods stores, a 2.9% increase in Golf Galaxy stores and a 28.0% increase in e-commerce. The company also said it plans to close 12 underperforming Golf Galaxy stores..
(8/19/2010)
Taylor Brands Appoints New VP of Sales
Taylor Brands has hired Jody Agnew as the VP of sales effective Aug. 22, 2010. The company manufactures and markets cutlery products under multiple brands, including Schrade, Uncle Henry, Old Timer, Smith & Wesson, U.S. Army, Boy Scouts of America, and Primo’s...(8/18/2010)
Freedom Group Report's Q2 Sales Decline, Price Paid for Mountain Khakis
Freedom Group, Inc., the parent company of firearms and ammunition brands such as Remington, Bushmaster and DPMS/Panther Arms, reported consolidated sales for the quarter ended June 30th fell 23.8% to $179.2 million from $235.1 million a year ago. The company also disclosed that it will pay $6 million for its 75% stake in the outdoor apparel company Mountain Khakis, not including $1.6 million of debt the company assumed in the deal...(8/17/2010)
Big 5 Sees Slight Profit Gain in Second Quarter
Big 5 Sporting Goods Corporation reported net income for the second quarter nudged up 2.1% to $4.8 million, or 22 cents per share, from $4.7 million, or 22 cents, a year ago. Sales increased to $219.8 million from $216.0 million with same-store sales down 0.5%...(8/5/2010)
Garmin Revenues Increased 32% in Outdoor/Fitness
Garmin Ltd. today announced second quarter results for the period ended June 26, 2010, with total revenues of $729 million, up 9% from $669 million in second quarter 2009 with all segments posting growth...
(8/4/2010)
Sport Chalet Shrinks Q1 Loss
Sport Chalet reported first-quarter sales increased 0.4% to $79.7 million from $79.4 million a year ago. The increase is primarily due to improvements in the Team Sales and Ecommerce Divisions partially offset by a slight decrease in comparable store sales of 0.2%, a result of continuing macroeconomic weakness in the company's markets which provided no catalyst for improved sales. The retailers also said it continues to exceed the requirements of its bank loan agreement...
(8/2/2010)
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