November 15, 2018
While it continues to downsize its brick-and-mortar footprint, a surge in consumer spending since the Tax Cut has led to strong sales of fashion boots which increased profit by 13% for the third quarter ended Nov. 3 despite a 6% decline in sales to $269,181,000 from $287,469,000.
Net income gained 48% to $3,107,000 in the final fiscal quarter ended Sep. 29 from $2,099,000 helped by 240 basis points higher gross margins at 20.6%, as sales inched 2% higher to $92,922,000 from $91,327,000.
Retail, merchandising, apparel & product licensing revenue for the Premier League club fell 4% to £26.3 million ($34.3 mm) in the fiscal first quarter ended Sep. 30 due to two fewer home games compared to last year.
Adjusted sales for sporting goods/hobby/book and music stores fell for the tenth straight month, dropping 9% to $6,487 million last month from $7,090 million last year, according to Commerce Dept. data.