January 31, 2017
As recently as its last earnings call, Under Dog remained bullish about the outcome of 2016 but heavy exposure to the stormy North American market caught up to it in Q4 as it reported a 1% decline in net income to $104,910,000 from $105,603,000 for the period ended Dec. 31 on a 12% gain in revenues to $1,308,128,000 from $1,170,686,000.
The lawsuit claims that Riddell marketed its Revolution helmet, which was released in 2002, as reducing the incidence of concussions despite possessing research that showed no football helmet could prevent them.
The retailer has been on a roll lately, and raised its Q4 earnings guidance to $0.21 to $0.22 per share from its earlier expectation of $0.15 to $0.20 as comp store sales inched up 0.1% in the quarter.
The youth sports team management platform has raised $47.3 million in total from Fairfax Holdings, Northgate Capital and Colorado Impact Fund, the Denver Post reported.