November 02, 2018 Asics Slashes Outlook after Q3 Sales Decline
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 Brands Takes $8 Billion Impairment Charge
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. Dorel Sports’ Q3 Profit Jumps on Sales Gains
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%. Former Nike Exec Details Sex Discrimination
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. Fitbit Faces another Shareholder Suit
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. NICS Checks Drop Double Digits in October
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.
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