July 26, 2018
Net income was €31.1 million ($36.4 mm), up 42% from €21.9 million for the period ended Jun. 30 as sales rose 8% to €1,049.2 million ($1,227.3 mm) from €968.7 million that would have been up 15% currency neutral with all regions up double digits currency neutral.
Admitting that it still has much more to do before it is back on track, Under Dog reported a net loss of $95,544,000 against a loss of $12,308,000 for the second quarter ended Jun. 30 on an 8% increase in sales to $1,174,859,000 from $1,091,192,000.
Net income was $9,737,000 compared to a loss of $11,535,000 in a seasonally small quarter for the company ended Jun. 30 with sales advancing 21% to $481,619,000 from $398,904,000.
Net loss expanded 28% to €28.9 million ($34.4 mm) from €22.5 million in Amer’s smallest quarter, on 3% lower revenues of €483.0 million ($575.7 mm) vs. €495.8 million, which would have been up 2% constant currency.
The net loss narrowed to $32,547,000 against a loss of $44,343,000 last year in DECK’s seasonally small fiscal first quarter ended Jun. 30 as revenues jumped 19% to $250,594,000 from $209,717,000 driven by surging Hoka One One sales and a double-digit increase from Ugg.
Sales increased 1% at BC’s Fitness segment to $252.2 million from $250.5 million in the second quarter, but operating income dropped 23% to $14.3 million from $18.5 million due to higher freight expenses, gross margin pressure from cost inflation and inefficiencies, and sales mix.
The PHIT Act was included as part of the Restoring Access to Medication Act of 2018 (H.R. 6199), a broader bill that included other reforms for heath savings accounts.
SDI, which owns 9% of Iconix, agreed to withdraw its slate of board candidates as part of a cooperation agreement which gives it the right to appoint two board members.
The Swiss outdoor brand sees Mountain Hub as a perfect fit for its growing digital platform, enabling it to connect with outdoor enthusiasts through the digital community.
The ski binding maker is recalling certain 2017/18 Kingpin models 10 and 13 pin tech bindings because the steel pins in the toe pieces can break, leading to lower release forces which can result in a fall hazard.