June 20, 2017
Nautilus believes it is well positioned from a distribution standpoint and a product standpoint to deal with the shifting sporting goods market, with an e-commerce business that has shown a 23% CAGR on its own site in recent years and a 17% CAGR through its e-commerce partners.
Comprehensive net income grew 6% to HK$110,935,000 ($14.3 million) from HK$104,260,000 in the fiscal year ended Mar. 31 on 15% higher revenues of HK$1,757,316,000 ($226.2 million) vs. HK$1,534,592,000.
Silva Sweden AB will take over its North American distribution effective in 2018 while Johnson Outdoors continues to service the Silva Compass business for the rest of this year.
The 4 million share offering has a liquidation preference of $25 and carries a 7.25% interest rate, with a shoe of 600,000 shares.
The new tech center in San Diego will house the former Affinity Sports, which DKS acquired last year, and will serve as a west coast technology and innovation center.
The Park City-based winter sports helmet maker tapped Bellefeuille to replace company founder Darryl English in the top job.