November 10, 2017
Net income rose 251% to ¥2.5 billion ($22.0 mm) from ¥700 million for the six months ended Sep. 30 despite a 2% decline in sales to ¥91.8 billion ($808.5 mm) from ¥93.1 billion as a 300 b.p. improvement in gross margin to 41.0% more than offset slight SG&A deleverage of 80 b.p. to 36.7%.
The credit agency said it would review the $350 million of Vista Outdoors’ unsecured notes for downgrade from the current Ba3 rating.
Comprehensive income jumped 60% to HK$154,673,000 ($19.8 mm) from HK$96,776,000 in the fiscal first half ended Sep. 30 as revenues increased 9% to HK$1,176,471,000 ($150.8 mm) from HK$1,083,535,000 driven by a huge jump in China.
DECK’s board warned shareholders that the election of Marcato Capital’s “unvetted nominees will derail the progress and momentum that we have made,” in a letter dated Nov. 10.
The University of Oklahoma will be the third school to sign with the Jordan brand along with Michigan and North Carolina.
Mirae Funds is offering its entire holding of 9,165,542 shares of GOLF for sale, amounting to 12.3% of the company, according to an S-1 filed by Acushnet.