August 28, 2017
Little Foot pre-announced sales for the quarter ended Aug. 26 were $469.4 million, down 3% from last year, with the primary factor a 4.6% comp store sales decline. Based on gross margin pressure from increased markdowns and promotional activity, Little Foot expects to report EPS of $0.08-12 ($4.0 mm) for the quarter.
The success of the company’s long anticipated “health and fitness first” smartwatch may well determine FIT’s fate as it hopes to upsell fitness band users in a maturing wearables market.
The lacrosse powerhouse joins Maryland, Towson, Loyola and Navy in Under Dog’s near monopoly of schools in its Baltimore backyard.
Comprehensive income was $1,941,000 against of a loss of $2,604,000 fro the first half ended Jun. 30 on a 2% increase in sales to $44,245,000 from $43,466,000.