February 06, 2019
Net loss expanded to $28,499,000 from a loss of $19,386,000 in the seasonally small fourth quarter on 6% lower sales of $180,678,000 vs. $191,657,000, a shortfall that ELY attributed to a product launch cadence that was heavily weighted toward H1 last year.
Net income for Q4 2018 was $31.6 million compared to a loss of $55.8 million in 2017, the action camera maker’s first GAAP profit in five quarters, on revenue that increased 13% to $377.4 million, driven by growth in camera unit sell-through and market share.
Adidas moved to dismiss Brian Bowen II’s Hoopgate lawsuit for failure to state a claim, placing the blame for his loss of eligibility on his father, Brian Bowen Sr., who accepted $19,400 in cash for his son to play for Louisville.
Retail sales are expected to grow between 3.8% and 4.4% in 2019 to more than $3.8 trillion, according to the NRF’s annual forecast, representing a slight deceleration from 2018.
NSSF-adjusted FBI NICS background checks were up 3.4% in Jan. to 988,160 from 955,466 last year, lapping two years of declines for the month, and the first year-over-year improvement since Mar. 2018.