August 01, 2019
While trade negotiations between the U.S. and China are still ongoing, the Administration announced a 10% tariff on $300 billion of Chinese imports to take effect on Sep. 1, hitting List 4 products that have not been included in previous tariffs.
Despite a still shaky innerwear business exposed to mass market shifts, strong growth at Champion pushed up HBI net to $153,972,000 compared to $140,633,000 for the Jun. 30 quarter as sales rose 3% to $1,760,927,000 against $1,15,443,000.
Net income declined 9% to $99.7 million from $109.0 million in the second quarter on 5% higher revenues of $801.6 million up from $764.2 million driven by fashion basics, fleece, and global lifestyle brand sales.
Net income grew 14% to $39,198,000 from $34,377,000 as revenues grew 9% (+13% CC) to $358,899,000 to $328,004,000, with a loss of $6 million in revenue due to store closures was more than offset by 9% growth in wholesale revenues, 18% growth in e-commerce revenues, and 11.8% growth in retail comparable store sales.
Net income was down 59% to $6,233,000 in the second quarter from $15,189,000 last year on 25% lower revenues of $96,329,000 vs. $128,411,000 lapping the bump in firearms demand last year in the aftermath of the Parkland shooting.
Net income increased 18% to $22,223,000 in Q2 from $18,825,000 last year, as revenue rose 12% to $231,654,000, up from $206,288,000 led by a 43% DTC sales gain 43% to $82.5 million.
5.11 Tactical revenues increased 10% in the second quarter to $92,836,000 from $84,723,000 with all of the growth coming from DTC, including 12 new store openings in the past year plus gains from e-commerce.
The new brand is positioned as a value offering that will likely be taking over some of the space that DKS had allocated to the licensed Reebok brand prior.
Olin’s ammunition segment saw sales decline 1% to $164.9 million from $165.9 million in the second quarter from continued weakness in commercial sales.
The Big a had opposed Addicted Original’s UK application for a mark resembling a marijuana leaf with five horizontal stripes and the phrase ‘addicted’ in lower-case, WIPR reported.
Augusta has acquired the Coburg, OR-based customizable headwear maker and will add it to its portfolio of brands that includes Holloway, High Five and a partnership with Russell Athletic.