July 30, 2018 Nautilus Results Drop in Q2, but H2 is Looking Promising
Net income slipped 63% to $928,000 from $2,489,000 in the second quarter, NLS’ smallest, on revenues that declined 2% to $75,498,000 from $77,029,000 on lower Direct sales despite stronger Retail segment sales to mass retailers.
Net income attributable to owners was ¥27,718 million ($249.7 mm) against ¥18,728 million for the first half ended Jun. 30 as sales improved 7% to ¥174,731 million ($1,574.4 million) compared to ¥163,079 million. Puma Continues Hoops Push with WNBA Deal
Honoring its tradition of stalking marketing assets that Nike and Adidas overlook, the Big Cat has signed a league sponsorship deal with the WNBA that will enable it to use the league’s trademarks and show players in uniform in its marketing. Senate Approves Miscellaneous Tariff Bill
In a somewhat rare piece of good news on the trade front, the Senate approved the Miscellaneous Tariff Bill that will reduce or eliminate duties on some 30 sporting goods products. Riddell, Schutt Win Some, Lose Some in Long-Running Patent Case
The two helmet makers, who have been in litigation about various patents since 2016, were each given partial victories in the case by a No. IL federal court. Adidas Loses Three-Stripe Case in Singapore
Singapore’s Intellectual Property Office approved an application by Taiwan-based manufacturer Lutong Enterprise to register its three stripe logo despite the Big a’s claim that it is visually similar to its three stripe mountain logo, according to the Straits Times. Etcetera: Light My Fire, Klean Kanteen
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