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Article Date: March 2019
Word Count: 245

Jack Wolfskin Results Inched Higher in FY18

An SEC filing from Callaway detailed the financial results of Jack Wolfskin parent JW Stargazer Holding GmbH, it’s recently acquired German outdoor company, for the fiscal year ended Sep. 30, 2018. Comprehensive net income was up 57% to €6,450,000 ($7.6 million) from €4,113,000, but increased just 5% to €5,778,000 from €5,493,000 excluding exchange differences on foreign operations. Revenues gained 1% to €333,378,000 from €330,551,000 due to a 7% increase in sales outside of Germany to €182.8 million in contrast with a 6% decline in home country sales to €160.5 million. Gross margin rose 320 basis points to 53.2%. Apparel, which ... Log in to view full article.


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