June 05, 2019
Strong cash flow in 2018 and the end of year windfall from the Lids Sports Group sale fueled a Q1 buying spree in which GCO repurchased 17% of its outstanding shares, management reported at the Baird investor conference.
Yeti told investors at the William Blair conference that it’s focused on driving more consumers to its fast growing DTC channel and building out its nascent international business.
Remington has laid off about 200 employees at its Huntsville, AL, and Lonoke, AR, facilities and plans to furlough 199 more in Huntsville and 500 at its Ilion, NY, factory as it shuts down production lines temporarily.
Alpargatas net income declined by 62% to 43.5 million Brazilian reals ($10.6 mm) on a 9% increase in sales to R$940 million ($229.9 mm) for the first quarter of 2019, including a 7% top line improvement in Brazil and 16% growth in other countries with help from the weakening currency.
Vulcabras net income was down 3% to R$26.1 million ($6.8 mm) on an increase in revenues of only 3% to R$299.8 million ($77.7 mm) in the first quarter of this year.
Net income increased 22% to $12,043,000 in the first quarter ended Apr. 30 from $9,885,000 last year on 4% higher revenues of $633,552,000 up from $611,743,000.
The exercise bike maker filed with the Securities and Exchange Commission for an initial public offering of its shares, but the S-1 was filed confidentially, so no financial results, valuation or pricing information is available.
Scott Sports has acquired a majority share in Bold Cycles, a Swiss startup best known for its hidden rear shocks.
Rx3 Ventures, which was co-founded by the Packers’ quarterback who also serves as the general partner, is launching a new $50 million growth fund focused on venture and growth stage investments in the consumer market.
Maina Enterprises is suing SKLZ parent Pro Performance Sports in W. KY District Court for failing to pay at least $176,000 in minimum royalties on its license of patent no. 7,965,006 for a soccer ball and removable spin training tether.