February 09, 2018
For the first time since the 1920s, there will not be a Dassler in a senior management position at a sneaker company located in Herzogenaurach.
WWW congratulates itself on hitting the high end of its own forecast for the year, with a top line of $2.35 billion and adjusted EPS of $1.60-1.65.
Retail sales in 2018 are forecast to grow between 3.8% and 4.4% over 2017, building on a preliminary estimate of 3.9% growth last year to $3.53 trillion, according to the National Retail Federation citing Census data.
The new entity has received a $60 million series C funding round led by Index Ventures along with existing GOAT investors Accel, Matrix Partners, Upfront Ventures and Webb Investment Network.
Comprehensive net income was ¥3,576 million ($31.7 mm) through nine months against ¥587 million last year boosted by a ¥2.5 billion positive swing in comprehensive items including a patent settlement and lower foreign exchange losses.
Comprehensive net income more than tripled to ¥684 million ($6.1 mm) from ¥197 million on 2% lower sales at ¥28,586 million ($253.2 mm) vs. ¥29,292 million.