July 27, 2017
Net loss in Amer’s seasonally smallest quarter expanded to €24.0 million ($28.0 million) from a loss of €14.7 million on 2% higher revenues at €487.3 million ($568.6 million) from €477.4 million.
The loss was $11,535,000 this year compared to a loss of $8,172,000 for the second quarter ended Jun. 30 in a seasonally small quarter as sales improved 3% to $398,904,000 from $388,745,000 as COLM affirmed its outlook for the year and announced that it was increasingly looking at its future with a heavier component of DTC sales, particularly digital, and implying that it sees a marketplace going forward that will have fewer independent retailers.
Comprehensive net loss narrowed to $44,343,000 from a loss of $52,310,000 in DECK’s first and least seasonally significant fiscal quarter on a 20% sales gain to $209,717,000 from $174,393,000 benefitting from some wholesale sales pulled forward from Q2.
The two dominant inner city chains will become a single entity that will have some 250 stores and $500 million in sales, according to several reliable sources.
With Q2 revenues growing at 19% to €5.0 billion and operating income surging to €505 million, up 18% from €429 million, the Big a raised full year guidance to a sales increase of 17-20% for the year from prior guidance of a 12-14% increase and generating net income of €1.36-1.39 billion from earlier guidance of €1.20-1.25 billion.
BC’s Fitness division sales increased 9% to $250.5 million from $229.8 million in the second quarter ended Jul. 1 driven by a 17% gain in international sales from the Indoor Cycling Group acquisition.
CWH adds an action sports leg to its sporting goods retail strategy that began with the acquisition of Gander Mountain out of bankruptcy earlier this year.
Results accelerated for the luxury outerwear brand through the second quarter leading to a 25% increase in H1 net income to €41,835,000 ($48.8 million) from €33,592,000 as revenues jumped 18% to €407,643,000 ($475.5 million) from €346,462,000.
The plan hashed out by Congressional and Administration leaders as the blue print for tax reform does not include the Border Adjustment Tax concept that was bitterly opposed by retailers and importers, including most of the sporting goods industry.
Net income was $2,530,000 against a loss of $62,000 in the second quarter, as licensing revenues climbed 23% to $42,144,000 from $34,154,000.
Volcom sales dipped 5% to $50.3 million from $53.2 million in the second quarter following a 3% drop in Q1, and the operating loss for the first half narrowed to $3.2 million from $4.4 million in H1 ’16.