November 29, 2018
Net income increased 51% to $17,030,000 from $11,271,000 in the third quarter ended Sep. 29, in YETI’s first report as a public company, on 7% higher revenues of $196,109,000 up from $183,032,000, driven by higher e-commerce and drinkware sales.
A letter posted on LinkedIn from CEO Rose Marcario said the company saved $10 million in taxes from the Republican tax cut plan and it will donate all $10 million to environmental groups on top of its 1% for the Planet program which funds environmental groups with 1% of sales.
OBC, which has registered trademarks for beer, spirits, T-shirts, sweatshirts, hats and similar apparel categories, has sued Rogue Apparel for selling T-shirts and hats bearing the Rogue name in Manhattan federal court.
The complaint in Florida state court alleges that Bryant for years sold Mizuno product through an Amazon store, fulfilling some orders from its warehouse and others that were drop shipped from Mizuno.
Tracking the Fitness Movement is a new report looking at participation trends for 25 fitness activities affecting the industry, as well as fitness equipment sales trends and health club memberships.