Net loss in the first quarter was $5,244,000 against a $21,884,000 profit last year that including a $28.3 million from the since divested ammo business, as revenues from continuing operations declined 13% to $60,433,000 from $69,311,000. Gross margin tumbled 140 basis points to 34.4%, and SG&A was reduced by 6%, but still deleveraged 330 b.p. on the falling top line. CLAR withdrew its earlier guidance, saying it would provide updated guidance once the ongoing macro uncertainty due to U.S. trade policies is resolved.

Sales in the Outdoor segment decreased 6% to $44.3 ... Log in to view full article.