November 14, 2017
Dick’s was able to hold serve comfortably as far as its earnings guidance in reporting net income of $36,913,000, down 25% from the results comping against the Sports Atrocity exit of $48,914,000, with sales growing 7% to $1,944,187,000 compared to $1,810,347,000 for the 13 weeks ended Oct. 28.
Net loss at the Brazilian e-tailer increased to BRL47.8 million ($15.1mm) from a loss of BRL30.3 million in the third quarter as net sales increased 7% to BRL414.2 million (140.6 mm) from BRL444.6 million boosted by marketplace sales and a fast-growing private label business.
Consolidated net income was KRW20,683 million ($18.3 mm) against a loss of KRW69,537 million in the third quarter as revenues were KRW569,274 million ($502.7mm) this year including Achusnet from KRW175,537 million in 2016 in the last quarter before the GOLF IPO.
While there was little discussion of the chain in the overall context of TJX, the schedules did show that its store base grew from 16 units to 26 with floor space at 600,000 sq. ft. compared to 400,000 sq. ft.
Comprehensive net income jumped to TWD975,542,000 ($32.4 million) from TWD259,820,000 in the third quarter boosted by a HKD703 million swing in comprehensive items—mostly foreign exchange effects—on 1% lower revenues at TWD14,948,234,000 ($495.8 million) from TWD15,156,532,000.
Handgun exports increased 69% to 27,126 units, rifles were up 53% to 37,788 units and shotguns jumped 54% to 9,868 units in Aug., according to ITC data compiled by the NSSF.
GOLF priced the offering of 8,332,311 shares of its stock by Mirae Asset Global Investments at $17.00 per share, about 10% below where the shares had been trading prior to the announcement, for total proceeds of about $141.6 million.