August 06, 2018
Operating income at the Home and Outdoor Living unit, which includes Coleman, declined to $9.4 million from $39.6 million on a 7% decline in sales to $742 million from $795 million for the second quarter ended Jun. 30, with a number of factor triggering the decline including weak sales at Coleman from the late Spring weather and the loss of its air mattress business at a key customer.
Net income inched up 2% to $4,550,000 from $4,468,000 in the fiscal third quarter ended Jun. 30 while sales gained 8% to $112,182,000 from $104,281,000 as DLA continues to grow its higher-ASP fashion basics business.
Net income attributable to owners increased 28% to ¥975 million ($8.9 mm) from ¥764 million in the fiscal first quarter ended Jun. 30 on 2% higher revenues at ¥30,776 million ($282.1 mm) vs. ¥30,180 million driven by sales of Le Coq Sportif in Japan and Descente in China.
The net loss was $777,000 compared to a loss of $3,654,000 for Q2 ended Jun. 30 as sales rose 50% to $45,881,000 from $30,680,000.
The reported £50 million per year deal with the Big Cat will cover Manchester City and four other clubs owned by City Football Group: Girona in La Liga, Melbourne City in Australia, Japan’s Yokahoma F Marinos and Uruguay’s Torque.
CHKE inked a new $40 million three-year financing agreement with Gordon Brothers Finance and increased the junior subordinated interests in its former credit facility by $2.0 million to $13.5 million, giving it a much-needed $5.5 million in liquidity.