May 01, 2018 Under Armour Sees Improvements Taking Hold in H2
Still digging out from its inventory issues left over from 2017, Under Armour reported a net loss of $30,244,000 this year against a loss of $2,272,000 prior for the first quarter ended Mar. 31 as sales improved 6% to $1,185,370,000 from $1,119,844,000. Vista Outdoor to Pare Portfolio, Sees 2018 as The Bottom
The net loss in Q4 ended Mar. 31 was $15,922,000 against income of $857,000 as sales dipped 1% to $571,227,000 from $578,753,000, bringing to a close a year in which it lost $60,232,000 compared to a prior year loss of $274,454,000 that included impairment charges of $152.4 million on sales of $2,308,463,000 vs. $2,546,892,000. Activist Bank Threatens to Withhold RGR Votes
With Sturm, Ruger’s annual meeting coming on May 9, RGR shareholder Amalgamated Bank sent a letter to the gun maker demanding that it publicly commit to the Everytown Actions, a list of policy positions created by Michael Bloomberg’s Everytown for Gun Safety organization. Big 5 Has Loss Against Profit in Q1
Citing tough comps of favorable winter weather last year against poor conditions in 2018, Big 5 had a net loss of $1,309,000 in Q1 ended Apr. 1 against income of $5,326,000 on sales that fell 7% to $234,178,000 from $252,604,000 with comps falling 7.5% this year against a 7.9% increase last year. Champion Boosts Hanesbrands’ Activewear Sales in Q1
U.S. Activewear segment sales increased 6% to $346,125,000 from $327,343,000 in the first quarter, driven by Champion sales that increased 22% (+17% constant currency) with high-single-digit growth in the U.S. and strong double-digit growth in Asia and Europe. Starboard Tells Newell Cut Costs Now, Divest Brands Later
The lion’s share of Newell’s problem is that the cost savings and synergies promised from the Jarden acquisition never happened, Starbard said in a presentation to the Newell board that calls for cost reductions to increase EBITDA by $585-966 million.
The maker of Stabil traction products will be integrated with Implus’ existing traction brands Yaktrak and ICEtrekkers and is the 18th brand in the Berkshire Partners-owned company’s portfolio. Etcetera: Gander Outdoors, Hibbett, Sierra Bullets, Teamwork Athletic Apparel, MSR
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