Net income was cut by 89% to just $460,474 in the third quarter from $4,088,123 prior at the protective equipment maker, as sales dropped 48% to $12,008,847 from $23,258,752 lapping a strong quarter.

The BSN Sports and Varsity Spirit parent scored a B2 rating on its new $450 million senior secured first lien notes due Dec. 2026, while its B3 corporate family rating was maintained with a stable outlook.

Big Foot will launch “The Heart of Sneakers” to celebrate sneaker culture while showcasing how the retailer plays an integral role as an originator and leader in the sneaker community.

Firearms imports declined for the seventh consecutive month, according to ITC data compiled by the NSSF, with handguns inching down 2% in July to 338,239 units, including a 4% drop in pistol imports to 300,974 units, while revolvers climbed 20% to 37,265 units.