"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. 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."
"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). Debt repayment -- $13.2 million paid down in the quarter; total debt was $181.9 million at period end. Total liquidity -- $111.9 million at quarter end, with an additional $9 million debt reduction and a $23 million inventory drawdown in November. Revised full-year guidance -- Net sales expected to be flat to slightly up; adjusted EBITDA guidance low"
Net sales were $331.3 million, a 2.2% increase, and same-store sales rose 2.2%, marking a third consecutive quarter of positive comps. Hunting and shooting sales increased 5%, fishing sales grew 14% and were up 17.9% on a two-year comp stack, apparel rose 1.4%, while camping declined by high single digits. E-commerce grew 8%, driven by ship-to-home and BOPUS. Gross margin improved to 32.8% (+100 bps) from product margin improvement, lower freight, shrink improvement, and a higher-margin fishing mix. SG&A totaled $104.5 million. Adjusted EBITDA was $18.6 million. Inventory declined to $424 million and debt was $181.9 million after a $13.2 million paydown; liquidity was $111.9 million. Full-year net sales guidance was revised to flat to slightly up with low adjusted EBITDA guidance.
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