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Article Date: April 2021
Word Count: 1349

Industry Revenues and Profits Accelerate in Final Quarter


Most sporting goods companies posted extremely strong results in the final quarter of 2020, handily beating a very tough comparison to Q4, 2019, and cementing a broad-based recovery from the depths of the pandemic earlier in the year. Total revenues expanded by 7% to $52,396.1 million from $48,809.1 million, lapping a 6% improvement, and driving aggregate net income that was 26% higher at $4,207.1 million up from $3,341.3 million in Q4 ’19 that represented a 73% jump from the prior year. Return on Sales was 8.0% against 6.8%, led by an equipment sector that more than doubled. Only the footwear ... Log in to view full article.

 


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