Dick’s Sales Might Be Up, But Hunting Sales Are Down
By Tom Knighton
Last week, Dick’s Sporting Goods announced that despite the attempt at a boycott by gun rights activists who disagreed with the company’s stances on firearms, sales were up. However, it seems that those sales were only part of the picture.
What we actually see is that Dick’s may have had an uptick in sales, but not among gun related items like hunting merchandise.
“These areas of strength, however, were offset by declines in our hunt and electronic businesses,” said Dick’s Chief Financial Officer Lee J. Belitsky on a call with investors. “As expected, our firearms policy changes impacted our hunt business which saw an accelerated decline in an already challenged category.”
Edward Stack, Dick’s CEO and Virtue Signaler in Chief (VSC), echoed Belitsky’s analysis.
“And the hunt business we expect, based on our firearm policy, it’s going to continue to be challenged through the balance of the year,” he said.
Belitsky’s characterization of hunting and firearms as an “already challenged category” alludes to the recent decline in firearm sales post-Obama. That would be a convenient excuse, except that gun-related background checks set records in both March and April. Sportsman’s Warehouse …Read the Rest
Source:: Bearing Arms
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