July 18, 2019
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.
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.
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.
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.
The connected exercise bike maker has received an unspecified investment from North Castle Partners earmarked for expansion of its business.
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.