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. Strong Champion Growth Drives Hanesbrand Net
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. Gildan Sees Activewear, Underwear Gains in Q2
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. Crocs Net Jumps Double-Digits, Raises Full-Year Guidance
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. Sturm, Ruger Plunges on Tough Comps, Tough Market
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. Yeti Raises Guidance after Solid Q2
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. Compass Diversified’s 5.11 and Liberty Improve, but Velocity Drops
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. Dick’s Launches DSG Private Label
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. Winchester Sales Edge Lower in Q2
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. Adidas Wins Cannabis Leaf Trademark Challenge
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 Sportswear Acquires Pacific Headwear
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. Etcetera: Birkenstock, GSM Outdoors
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