April 25, 2019
Net income surged 64% to $74,177,000 from $45,107,000 in the seasonally small first quarter as the top line increased 8% to $654,608,000 from $607,308,000 and gained 10% constant currency.
BC’s fitness segment sales declined 8% in Q1 to $225.2 million from $244.4 million, in line with guidance, reflecting lower sales to Planet Fitness and other value-oriented health clubs, along with softness in certain international markets.
A secret tape of Christian Dawkins discussing under-the-table payments said Arizona coach Sean Miller “has to know everything that’s going on” and that Miller would talk with him on the phone about paying money to recruit players.
The headwear manufacturer will pay $7 million plus a possible $2 million earnout to buy St. Louis, MO-based accessories maker Aquarius, Ltd. from owner Alexander Schonwald.