December 06, 2018
Net income leaped 60% to $94,413,000 from $58,944,000 for the quarter ended Oct. 28 with net revenue expanding 21% to $747,655,000 from $619,018,000 with comp store sales jumping 17%, including a 6% gain for the stores and a 44% hike in the digital business to $189.4 million, or 25.2% of total sales.
Net income was $14,387,000 for the third quarter ended Nov. 3, lapping a $164,821,000 loss last year that included a $182.2 million goodwill impairment, as sales slipped 1% to $713,069,000 from $716,759,000 hurt by the retail calendar shift.
Net income increased 16% to $13,823,000 from $11,922,000 in the third quarter ended Nov. 3 and sales inched up 1% to $248,795,000 from $245,756,000 despite the loss of a high-volume week from the retail calendar shift that cost the top line about $9.6 million.
The cash offer of €40 per share values the equity at €4.6 billion and Anta will also assume €1 billion in debt. The tender is expected to commence on Dec. 20 and last approximately 10 weeks and is subject to receiving 90% of the outstanding shares.
The recent thawing of trade tensions after last weekend’s dinner meeting between President Trump and Chinese President Xi Jinping was dealt a setback by the arrest of Huawei CFO Meng Wanzhou in Vancouver yesterday.
Net income more than doubled to $6,665,000 from $3,234,000 in the fiscal second quarter ended Oct. 31 on 9% higher revenues of $161,703,000 vs. $148,427,000 with growth from both firearms and outdoor products.
Net income increased 15% to $94,025,000 from $81,625,000 in the seasonally important fiscal third quarter ended Oct. 31 on 5 % higher revenues of $1,072,982,000 up from $1,024,993,000, driven by DKNY and Tommy Hilfiger and solid outerwear sales.