April 12, 2018
The President told a gathering of state lawmakers and governors from farm states that he was directing his advisors to look into rejoining the trade deal of 11 nations that originally included the United States.
Operating income will leap some 60% to €112 million against €70 million last year with sales improving 12% to €1,131 million against €1,005 million for the period ended Mar. 31.
Plans to move earlier in January ran into heavy resistance from retailers who did not want to be out of their shops during an important selling period following Christmas and before Martin Luther King weekend.
GPRO shares, which were down over 30% year-to-date, jumped today on the rumor that Chinese electronics maker Xiaomi may be preparing to make an offer.
The five-week period ended Apr. 7 saw total sales grow 14.7% to $82.3 million from $71.7 million with comps up 12.6% after a 1.1% comp last year.
The top line declined 4% to $294.6 million from $307.0 in the first quarter due to $15.8 million in revenue last year from the divested Chinese retail business, but the manufacturing business gained 1% to $287.4 million from $285.7 million.