Outdoor Retailer Blames Weak Gun Sales For Slow Third Quarter

The following excerpt is from an article that originally appeared on Bearing Arms

The so-called Trump Slump. Does it exist, or not. Well, there’s a lot of evidence that it doesn’t. However, there’s also some evidence that something is going on. In addition to Federal Premium Ammunition’s difficulties, we now have Sportsman’s Warehouse citing slow sales of guns and ammo as the reason for their weak third-quarter earnings.

Top executives for Sportsman’s Warehouse blamed guns and ammunition for the retailer’s sales loss in its third quarter.

Chief Executive Officer John Schaeffer told investors Thursday same store overall sales for the chain declined 7 percent for the quarter ending Oct. 28 — driven by a 12.4 percent dip in demand for firearms and a 19.4 percent loss in ammunition.

“Our third quarter results were largely in line with our expectations and reflected continued softness in firearms and ammunition as well as a shift in the timing of a planned third quarter new

Click here to Read this Entire Story on Bearing Arms


This post was originally published on this site
Comments are closed.