"Net sales -- $331.3 million, representing a 2.2% increase. Same-store sales growth -- Up 2.2%, marking the third consecutive quarter of positive comps. Hunting and shooting sports sales -- Increased by 5% with inventory levels positioned for seasonal demand. Fishing sales -- Grew by 14% and up 17.9% on a two-year comp stack. Apparel sales -- Increased by 1.4%, led by technical outdoor wear."
"Camping category sales -- Declined by high single digits, with inventory down double digits. E-commerce growth -- Rose 8%, driven by both ship-to-home and BOPUS channels. Gross margin -- 32.8%, up 100 basis points, benefiting from product margin improvement, lower freight expense, shrink improvement, and higher-margin fishing sales, partially offset by a greater mix of lower-margin firearms and ammunition. SG&A expenses -- $104.5 million, 31.5% of net sales, including $3 million of additional nonrecurring add-back expenses."
"Adjusted EBITDA -- $18.6 million, a 13% increase and up 50 basis points as a percentage of sales. Net income -- $8,000 or $0.00 per diluted share, compared to negative $0.01 per diluted share. Adjusted net income -- $3 million or $0.08 per diluted share, compared to $1.4 million or $0.04 per diluted share. Total inventory -- $424 million, down $14.1 million or 3.2%, with a sequential reduction of $20 million from fiscal Q2 (period ended Aug. 2, 2025)."
Net sales were $331.3 million, up 2.2% with same-store sales also up 2.2%, marking a third straight quarter of positive comps. Fishing sales increased 14% (up 17.9% on a two-year stack) and hunting and shooting rose 5%, while apparel edged up 1.4% and camping declined by high single digits with inventories down double digits. E-commerce grew 8% across ship-to-home and BOPUS. Gross margin improved to 32.8% (+100 bps) driven by product margin improvements, lower freight, shrink improvement, and higher-margin fishing sales. Adjusted EBITDA rose to $18.6 million, inventory declined to $424 million, and $13.2 million of debt was repaid, leaving liquidity of $111.9 million and guidance revised to flat to slightly up net sales.
#net-sales #gross-margin-improvement #inventory-reduction #fishing-and-hunting-growth #adjusted-ebitda
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