April 24, 2018
Reinforcing its comments from its pre-release of impressive Q1 results, the Big Cat had net income of €67.4 million ($82.5 mm) against €49.6 million, up 36%, on a 13% sales improvement to €1,131.1 million ($1,384.4 mm) from €1,005.1 million.
After orchestrating the best run of the Big a in North America since Rob Strasser, King will turn over the reins to Zion Armstrong as of Jul. 1 as part of a planned transition.
Comprehensive net income slipped 79% to ¥1,091 million ($10.1 mm) from ¥5,288 million in the first quarter, pulled down by foreign currency translation adjustments, on 7% higher sales at ¥85,236 million ($786.6 mm) vs. ¥79,921 million.
The gun rights group accused Yeti of refusing to do business with it when it appears that, in fact, Yeti was simply eliminating a category of discounts that the NRA and other organizations had been recipients of as part of its efforts to clean up its haphazard distribution.
U.S. District Court Judge Susan Illston signed an order authorizing the $33 million settlement negotiated in Jan. between the device maker and a class of shareholders who had sued after FIT’s share price dropped on news of the inaccuracy of its fitness bands’ heart rate monitoring.
UA prevailed in its opposition to the UK registration of “The Armour” trademarks by a religious apparel and accessories maker there, who cited a Biblical reference as the source.
Same store sales at the Chinese brand’s points of sale increased low-teens overall in the first quarter, with owned retail up low teens, franchises up mid-single-digits, and e-commerce sales increasing in the high-thirties.