November 29, 2017
Net income surged 36% to $8,757,000 from $6,417,000 in the third quarter ended Oct. 28 driven by +1.5% comp store sales including e-commerce, lapping a 4.4% increase in Q3 last year, as total sales inched up to $152,824,000 from $152,106,000.
Comprehensive net income was ¥366 million ($3.3 million) against a loss of ¥79 million in the fiscal first half ended Sep. 30 helped by 120 basis points of gross margin expansion to 19.0% even as sales declined 2% to ¥19,914 million ($179.4 million) from ¥20,268 million.
The Toronto FC forward and USMNT member will be the face of North American soccer for Puma, capping a month in which the Big Cat took major steps to establish its team sports credentials by signing two top level European soccer teams.
An NT$562 million swing in foreign exchange resulted in a net loss of TWD160,193,000 ($5.3 mm) at the Taiwan based parent of Matrix, Vision and Horizon fitness brands from a profit of TWD212,451,000 on 10% higher sales at TWD5,129,342,000 ($170.1 mm) vs. TWD4,648,032,000.
The outdoor products and adventure travel e-tailer saw merchandise sales increase 15% on Cyber Weekend, and is on pace to double holiday adventure travel sales this year.