October 18, 2018
Net income slipped 2% to $90,728,000 from $92,310,000 in the third quarter as higher SG&A offset gross profit gains on sales that were 7% higher at $1,176,395,000 up from $1,094,829,000.
With the increasingly likely outcome of a Republican Senate and a Democratic House in 2019, SFIA remains confident that the potential for Congressional gridlock will not derail efforts to finally pass the PHIT Act that will expand the definition of deductible expense in HSA’s to include sports equipment as well as other fitness related expenses.
Michael Schachter, who represents former Adidas basketball exec Jim Gatto, made a one-hour summary to the jury Thursday in which he argued that Kansas Coach Bill Self and Louisville Coach Rick Pitino were fully aware of the payments Gatto was making to prospective players and encouraged them to do this.
The maker of support and orthopedic footwear had trailing 12-month sales of about $180 million and a CAGR of more than 20% over the past six years.
The case in Manhattan federal court seeks damages and an injunction for the F.U. marks that Puma used on some of its Fenty line of products.