November 27, 2018
Net income fell 80% to $1,499,000 from $7,564,000 for the 13 weeks ended Nov. 3 on a 9% shortfall in sales to $216,888,000 from $237,834,000 that was affected by a $17.3 million hit from the calendar shift and $2.4 million from the sale of the team business.
Ahead of a G20 meeting between the President and Chinese President Xi Jinping, Trump told the Wall Street Journal that he expects to raise tariffs from 10% to 25% on some $200 billion in imports and go ahead with tariffs of either 10% or 25% on the remaining $267 million in Chinese imports not already subject to tariffs.
Majority shareholder Bain Capital and CEO Dani Reiss will sell another large block of GOOS shares, according to a supplemental prospectus filed with the SEC.
The Dutch holding company withdrew its partial offer for Accell shares after it was able to acquire the 20% stake it sought on the open market.
BC will pay 6.625% interest on the $115 million aggregate principal amount of senior unsecured notes due 2049, and agreed to a $17.25 million overallotment if there is demand.
Ohlins is recalling about 5,950 RXF36 Air and RXF34 Air suspension forks because the air cartridge can abruptly spring out of the stanchion tube.