June 12, 2019
Net income rose 29% to $96,603,000 from $75,153,000 for the first quarter ended May 5 as sales improved 20% to $782,315,000 from $649,706,000 that included a comp store gain of 17% constant currency with store comps up 7% and digital sales leaping 33% to 26.8% of the total ($211 mm) compared to 24.3% prior ($158 mm).
The affidavit accompanying the Ellett Brothers bankruptcy tells a story of high leverage combined with a mistaken bet on a Democratic win in 2016 that could have described quite a few businesses in the hunting business.
The ratings agency maintained Big Foot’s Ba1 corporate family rating after a periodic review, noting the retailer’s solid credit metrics, low debt levels and very good liquidity.
Just two days before NETS shareholders are scheduled to vote on a $3.00 per share buyout offer from Magazine Luiza, the Centauro parent bumped its competing offer to $3.70 per share from its earlier bid of $3.50.
The NY-based company that sells full-length mirrors that are also interactive home gyms, raised the additional funding at a nearly $300 million valuation, according to TechCrunch.
Mares is recalling about 600 buoyancy compensation vests from its XR line, because the deflation button can come unscrewed and result in loss of buoyancy.