March 12, 2018
Net income in the final quarter was 6% higher at $6,699,000 vs. $6,304,000 as sales increased 3% to $164,317,000 from $160,215,000 on flat comps with a +2.3% store comp offset by e-commerce sales that fell 12% due to technical problems with the new integrated order management system when order volume ramped up in Dec.
The former Black Diamond had a profit of $6,019,000 against a loss of $1,389,000 for the final quarter ended Dec. 31 as total sales increased 27% to $52,677,000 from $41,399,000 with the newly-acquired Sierra Bullets providing $6.8 million in sales and Black Diamond equipment adding 11% to the top line.
DLA paid $16.35 million in cash for parent TeeShirt Ink’s DTG2Go direct-to-garment digital print assets with additional payments contingent on hitting performance targets.
The complaint, naming Foot Locker, CEO Dick Johnson and CFO Lauren Peters, asks for class action status for investors who bought the stock between Aug. 19, 2016 and Aug. 17, 2017 claiming that the executives deliberately made false statements about the company’s prospects that artificially inflated Big Foot’s share price and enabled senior management and some directors to reap $13.378 million in stock profits.
Jan. retail imports increased less than forecast, gaining 1.8% to 1.73 million TEU according to the NRF’s Global Port Tracker, missing expectations of a 4.1% jump.
Total revenue gained 18.1% to $690,990,000 last month, boosted by an 84.6% sales increase at its Pou Sheng retail subsidiary to $303,401,000.