July 18, 2019 Skechers Sees International Drive Double-Digit Gains
Net income increased 66% to $75,200,000 from $45,300,000 in the second quarter as revenue increased 11% (+14% CC) to $1,258,600,000 from $1,134,800,000 driven by a 20% increase in international business and a 2% gain in the U.S. Amazon Prime Day Haul Eclipsed Black Friday and Cyber Monday
The e-commerce goliath said that its sales on the two days of Prime Day, Jul. 15-16, were higher that its combined sales on Black Friday and Cyber Monday last year, but of course did not release actual sales figures. Thule Q2 Sales Boosted by Foreign Exchange
Comprehensive net income slipped 20% to SEK 416 million ($44.1 mm) from SEK 517 million in the second quarter on 7% higher revenues of SEK 2,311 million ($244.7 mm) vs. SEK 2,155 million, but were up just 3% constant currency as the krona weakened against the dollar and Euro. Stella International Expects Higher Profits in H1
The footwear maker’s revenues declined 1% to $438.0 million from $443.5 million in the second quarter, but improved product mix and customer mix has made those sales much more profitable, and Stella expects H1 net income to increase more than 70% when it reports in Aug. Echelon Fit Gets PE Investment
The connected exercise bike maker has received an unspecified investment from North Castle Partners earmarked for expansion of its business. Bear Archery Wins ITC Exclusion for Arrow Rests
The International Trade Commission issued a general exclusion order against eight Chinese companies that were infringing on Bear Archery’s U.S. Patent No. 6,978,775. Etcetera: Nike, Decathlon, Dick’s, Varsity Brands
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