May 03, 2019
Despite lower sales in Europe and supply constrained growth in North America, net income rose 17% to €632 million ($717 mm) from €540 million for the first quarter ended Mar. 31 on a 6% gain in revenues to €5,883 million ($6,678 mm) from €5,548 million as the high margin growth in China more than offset the challenges of its other key markets.
Revenues at Newell’s Home and Outdoor Living segment, which includes Coleman, dipped 6% in the first quarter to $626.6 million from $669.7 million including a 3% core sales decline attributed to the outdoor brand’s lost sales to a key U.S. retailer.
Net income inched up 1% in JOUT’s fiscal second quarter ended Mar. 29 to $21,923,000 from $21,620,000 on a 7% top line increase to $177,707,000 from $165,778,000 helped by a double-digit gain in fishing equipment.
NSSF-adjusted NICS FBI background checks were off 6.9% last month to 992,642 from 1,065,927 in 2018, despite the increased level of gun control chatter coming from Democratic presidential candidates.