April 30, 2019
Net income was $1,664,000 against a loss of $1,309,000 for the 13 weeks ended Mar. 31 as sales rose 5% to $245,286,000 from $234,178,000 that included a 4.6% comp store improvement.
As the second week of the trial got underway, the defense and prosecution were again sparring over who the defense can call to the witness stand with the defense seeking to question two FBI agents who posed as potential backers to Christian Dawkins’ fledgling sports agency.
The previously announced plan to distribute shares in the jeans business was approved by the VF board with a ratio of one share in Kontoor for every seven shares of VF.
Comprehensive net income surged 46% to IDR 140,663 million ($10.0 mm) from IDR 96,542 million in the first quarter as sales increased 15% to IDR 1,515,484 million ($107.2 mm) from IDR 1,321,013 million including a same store sales gain of 8.0%.
Ammunition sales from Olin’s Winchester segment dropped 8% to $157.2 million from $170.9 million in the first quarter on lower military and commercial sales.
New CEO Anthony Heraghty hit the ground running at Australian retailer on Feb. 20, outlining his strategic priorities that include a seamless omni-retail experience, improving supply chain integration and simplification of the company’s operating model to remove duplication.
The bipartisan Target Practice and Marksmanship Training Support Act, which passed in the Senate earlier in April, was passed by the House in a voice vote and is expected to be signed by President Trump.