November 02, 2018
Net income increased 18% to ¥4,868 million ($43.7 mm) from ¥4,114 million in the third quarter on 3% lower revenues of ¥102,904 million ($923.0 mm) down from ¥106,556 million pulled down by weak sales in the Americas and EMEA.
Newell’s Home and Outdoor Living segment, which includes Coleman, had a 7% sales decline to $726.5 million from $779.5 million partially due to lost distribution for Coleman at a key U.S. retailer.
Sports segment sales increased 7% to $219,120,000 from $205,540,000 in the third quarter and operating profit surged to $6,993,000 from $176,000 lifted by improvements at all three bike operations, despite gross margins that narrowed 120 basis points to 21.1%.
Paige Azavedo joined the ongoing Cahill et al v. Nike lawsuit as a party plaintiff, claiming that she was “constantly berated and belittled” during her 13 years in Beaverton.
In this latest action, Stephen Lopes is alleging that Fitbit made materially false and misleading statements and failed to disclose material adverse facts about its business during the period from Aug. 2, 2016 to Jan. 30, 2017.
FBI background checks, as adjusted by the NSSF, continued their trend of year-over-year declines, falling 11.2% to 1,005,062 from 1,132,065 in Oct.