November 08, 2017 Wolverine Results Down But ‘Worst Medicine is Behind Us’
Bolstered by some momentum at the key Merrell brand and modest growth in the U.S. market, Wolverine World Wide declared that it would reach its target of a 12% operating margin for 2018 as it reported net income of $23.2 million, down 52% from $48.2 million for the 13 weeks ended Sep. 30 as revenues declined 4% to $581.3 million from $603.7 million. Acushnet Q3 Sales Boosted by New Clubs, but Balls Drop
Net income was $9,318,000 against a pre-IPO loss of $5,526,000 last year in the third quarter, on a 2% increase in sales to $347,263,000 from $339,318,000 driven by a solid launch of new hybrids and irons. Grand Jury Indicts Eight in NCAA Hoops Scandal
Adidas executive Jim Gatto along with four assistant basketball coaches, an agent, an Adidas consultant and a maker of custom apparel for professional athletes were indicted by a New York grand jury in the probe. Fanatics Sets Long-Term Deal with MLS
Fanatics extends its e-commerce relationship with Major League Soccer that will make it the exclusive licensee of fan gear, headwear and hardgoods globally. Goldwin Sees Top Line Gains in H1
Comprehensive net income was ¥1,681 million ($15.1 mm) against a loss of ¥1,126 million in the fiscal first half ended Sep. 30 as sales gained 9% to ¥28,759 million ($259.0 mm) from ¥26,469 million driven by early season sell-in of The North Face and Helly Hansen. Globeride Net Triples on 6% Higher Sales
A nearly 2 billion foreign exchange improvement boosted comprehensive net income to ¥2,398 million ($21.6 mm) from ¥745 million in fiscal H1 ended Sep. 30 on 6% higher revenues at ¥44,951 million ($404.8 mm) vs. ¥42,274 million. Dick’s Will Be Open Thanksgiving
Stores will open at 6 PM on Thanksgiving and remain open until 2 AM. They will reopen at 5 AM on Black Friday and close at 10 PM. Play it Again Sports Franchise Files Chapter 11
Top Shelf Sports of Littleton, CO, listed a range of $100-500,000 in assets and $500,000-$1 million in liabilities, including $70,000 owed to Rawlings, $18,000 owed to STX and $40,000 owed to Easton. |