The net loss of $15,304,000 for the final quarter ended Dec. 31 included a $42.3 million hit from several accounting items and was against income of $4,218,000 in a seasonally strong period with revenue up 4% to $1,441,225,000 against $1,389,980,000. But while the performance excluding the one-time items was in-line with forecasts, Under Dog’s outlook for 2020 still anticipated ongoing weakness in the North American business at least through H1 and a negative for the year. The stock dropped 17% to just over $15, near its 52-week low.
Under Dog insisted that it will stick to its performance-based strategy which has ... Log in to view full article.