Fishing

4/4/2024 |  EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales (SGB UPDATE) Sportsman’s Warehouse, Inc. said its business remained under pressure during the fourth quarter with net sales coming in at the low end of its guided range. Still, earnings per share exceeded the top end of the company’s guidance range, while both inventory and debt levels finishing the year better than expected.
“We will continue to prioritize the pay down of debt with free cash flow generation as we move through 2024, commented company CEO Paul Stone on a conference call with analysts. “We view 2024 as a year to reset the organization and return the business to profitability, creating a strong foundation for anticipated profitable growth in 2025.”

4/3/2024 |  Gordon Brothers Acquires Catch Co. Assets (SGB UPDATE) Gordon Brothers completed the acquisition of all the assets of Catch Co., a portfolio of fishing brands that generated nearly $300 million in revenue since the company was founded in 2012 with its Mystery Tackle Box.
“We’re excited to be a part of the next phase of Catch Co.’s growth and build on the already successful brand portfolio and content strategy,” said Rob Gould, managing director of Commercial & Industrial at Gordon Brothers. “Our asset expertise and quick decision-making allowed us to step in and ensure the value of the business remains intact.”

4/2/2024 |  GSM Outdoors Acquires Mid-America Rod Company (SGB UPDATE) GSM Outdoors has acquired Mid-America Rod Company, adding the American manufacturer to its portfolio of fishing brands. Located in Arkansas, Mid-America Rod Company has been manufacturing rods in the U.S. since 1976.

4/2/2024 |  GSM Outdoors Acquires Mid-America Rod Company (SGB UPDATE) GSM Outdoors has acquired Mid-America Rod Company, adding the American manufacturer to its portfolio of fishing brands. Located in Arkansas, Mid-America Rod Company has been manufacturing rods in the U.S. since 1976.

4/2/2024 |  VRX Fishing Sees Founder’s Sons Taking Reins in Joint Role (SGB UPDATE) VRX Fishing Products, parent company to the X Zone Lures and The Rod Glove brands, confirmed that brothers Zac and Nick Van Ryn, the sons of company founder and president Jim Van Ryn, took over the company’s reins on April 1.