July 25, 2019
Net income leaped 137% to $23,029,000 against $9,737,000 for the three months ended Jun. 30 as sales increased 9% to $526,210,000 from $481,619,000 with the increase driven by a strong Spring business in the PFG line that is now approaching $200 million in sales and some early wholesale shipments in the U.S. market.
Net loss narrowed to narrowed to $19,351,000 compared to $30,407,000 in DECK’s seasonally small first fiscal quarter as revenue rose 10% (+12% CC) to $276,890,000 from $250,0594,000 driven by gains from Ugg and Hoka One One.
The Eager Beavertons are said to be exploring strategic options for the surfwear brand, including a possible divestiture.
Cycling Sports Group is recalling about 11,600 2013 through 2016 Cannondale CAADX cyclocross bicycles because the fork can break.