A mid-singles decline for Q3 revenue prompted S&P Global to revise its outlook on Great Outdoors Group from stable to negative while reaffirming its ratings on the company, including a BB issuer-credit rating and all issue-level ratings. The top line decline came as comps dropped and average ticket dipped mid-single digit, offset by modest traffic improvements. The ratings agency pointed to macro pressures along with moderating demand in sporting apparel, hunting, fishing, outdoor recreation and boating gear. The firm is now forecasting a low-singles decline in Great Outdoors’ comps and overall ... Log in to view full article.