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Gun sales a drag for Sportsman's Warehouse
Weaker-than-expected demand for guns led to a decrease in same store sales for Sportsman’s Warehouse in the fourth quarter.
The Midvale, Utah-based company’s same store sales declined 5.3% for the quarter ended Jan. 31. Hunting and shooting make up roughly half of Sportsman's Warehouse's sales.
The retailer had net income of $3.2 million, or 8 cents per share, compared to $7.4 million, or 22 cents per share, in the year-ago quarter. Income from operations dropped to $14.1 million in the latest quarter, versus $16.4 million in the year-ago quarter.
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Rite Aid same-store sales up 4.3% in March
Camp Hill, Pa. – Rite Aid’s positive momentum continued in March, with the drugstore chain reporting a 4.3% increase in March overall same-store sales.
Total drugstore sales for the four-week period increased 4.1% to $2.026 billion, compared to $1.947 billion for the same period last year. Prescription sales accounted for 69.9% of sales.

