May 08, 2017
Net income surged 32% to $4,547,000 from $3,436,000 boosted by $1.3 million from the sale of Junkfood, while revenues declined 5% to $104,138,000 from $109,160,000 in the fiscal second quarter ended Apr. 1.
In reporting a net loss of $1,455,000 against a loss of $4,013,000 on a 9% increase in sales to $21,337,000 from $19,617,000 for Q1, BDE said it was seeing signs that its most recent restructuring is starting to bear fruit as it had growth in all its major product categories and geographies.
Although it is committed to taking just 17 of the bankrupt retailer’s locations going forward including two Overton’s, a recent Camping World filing now indicates that its current goal is to keep open 70 or more Gander locations.
The segment, which includes the sporting goods brands acquired with Jarden and NWL’s legacy Rubbermaid beverages and cooler businesses, posted operating income of $56.3 million.
Trek Bicycle is continuing to expand its retail footprint with the acquisition of the West Chester, PA-based chain.
Current Olympic marathon champion Eliud Kipchoge finished just 25 seconds past the two-hour target in the special event held at Italy’s Monza racing circuit.
Jump Rope Systems claims a Chinese company, Suzhou Everise, is selling jump ropes on Alibaba which infringe on two of its patents, in a lawsuit filed in U.S. District Court in CO.