September 04, 2018
Nike shares were off about 3% on news of a backlash against the company for signing former 49ers quarterback Colin Kaepernick as a spokesperson for its new advertising campaign that will feature an ad with the tagline, “Believe in something. Even if it means sacrificing everything.”
CAL net income jumped 34% to $23,646,000 from $17,595,000 in the fiscal second quarter ended Aug. 4 on revenues that were 4% higher at $706,612,000 from $676,954,000 with top line improvement at both Famous Footwear and the brand portfolio.
Deuter and Katadyn both asked Moosejaw to take their products off its new online shop that is hosted by Walmart.com. Walmart is expected to comply.
The Compass Diversified subsidiary will add the crossbow company for $94 million plus a possible earnout that could net the sellers as much as $25 million more.