Positive Same-Store Sales Growth
The company achieved its third consecutive quarter of positive same-store sales growth, with a 2.2% increase year-over-year.
Segment Growth in Key Categories
Hunting and shooting sports increased by 5%, and fishing delivered exceptional growth of 14%. Apparel grew by 1%.
E-commerce and Digital Marketing Success
E-commerce grew by 8% in the quarter, with a successful digital-first marketing strategy increasing engagement and customer acquisition.
Debt Reduction and Inventory Management
The company paid down $13.2 million of debt and reduced inventory by $20 million from Q2 to Q3.
Improved Gross Margin
Gross margin improved by 100 basis points to 32.8% compared to Q3 last year.