November 09, 2017 Another Big Boost for Adidas in Q3 Despite U.S. Delivery Bottleneck
Continued strong momentum in the U.S., China and e-commerce sales were major factors in producing a 36% improvement in net income to €526 million ($610.0 mm) from €407 million for the third quarter ended Sep. 30 as global sales rose 9% to €5,677 million ($6,583.1 mm) from €5,222 million. Vista Outdoor Retrenches in Tough Outdoor Market
Saying the market is near but not yet at the nadir, VSTO initiated a major reorganization plan to restore health and growth as it reported a net loss of $114,705,000 against income of $73,224,000 for the second quarter ended Oct. 1 as sales declined 14% to $587,283,000 from $684,312,000. Canada Goose Raises Guidance after Strong Fall Quarter
Net income doubled to C$38,386,000 ($30.6 mm) from C$19,603,000 bolstered by a 420 basis point gross margin gain to 50.5% as revenues jumped 35% to C$172,330,000 ($137.5 mm) from C$127,935,000 in the fiscal second quarter ended Sep. 30. Canadian Tire Sports Group Posts Sales Gains
Sales at FGL Sports increased 4% to C$555.5 million ($443.3 mm) from C$534.8 million in Q3 and eked out a 0.4% same store sales gain against a 6.2% comp last year. Camping World Posts Strong Sales Gains
The new parent of Gander said net income fell 71% to $20,127,000 from $68,416,000 on a 25% sales gain to $1,239,002 against $991,071,000 for the third quarter ended Sep. 30 as a $65,131,000 expense for minority interest hit the bottom line as a result of the company’s reorganization after its IPO that left it with a 34% interest in a holding company that it controls rather than 100% ownership. Sequential Brands Has Loss on IP Writedown
A $36.5 million charge to write down the trademarks of the Revo, Nevados, Caribbean Joe, Franklin Mint and Ful brands resulted in a net loss of $24,180,000 in the third quarter against income of $1,300,000 last year, as licensing revenues slipped 7% to $39,025,000 from $41,952,000. Compass Diversified SG Brands Struggle in Q3
5.11 results were checked by an ERP implementation that slowed operations in the quarter and added SG&A expenses, as sales declined 4% to $72,005,000 comping against a large agency order last year and EBITDA declined 40%.
Holman has been EVP and Creative Director since Oct. 2015, when he was appointed to head all men’s and women’s product design by CEO Laurent Potdevin. Recall: Maverick Arms Shotguns
Holman has been EVP and Creative Director since Oct. 2015, when he was appointed to head all men’s and women’s product design by CEO Laurent Potdevin. Etcetera: K2, Finish Line, Fanatics, Implus
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