August 07, 2019
In what it described as a “strong second quarter,” net income declined 27% to $40.2 million against $55.3 million as sales surged 0.3% to $568.6 million and $566.9 million for the period ended Jun. 29.
Net income was 4% lower at $38,488,000 against $39,907,000 in the seasonally important second quarter as international weakness and the strong dollar weighed on the top line, which declined 3% to $462,218,000 from $478,138,000 and was off just 1% constant currency.
Comprehensive net income jumped 135% to ¥904 million ($8.2 mm) from ¥384 million in the fiscal first quarter ended Jun. 30 on a top line that inched down 1% to ¥42,155 million ($383.6 mm) from ¥42,750 million despite a double-digit improvement in North America.
Camping World net income was down 27% to $18,017,000 from $24,782,000 in the second quarter as total revenue increased 2% to $1,474,347,000 from $1,441,477,000.
The firm uses artificial intelligence to predict allocations of inventory down to the local level and optimizes inventory.
Seeking roughly a $50 million valuation, the CA-based direct seller of fitness apparel filed for an initial public offering reporting sales last year of $11,689,200 against $8,773,025 prior and a loss of $5,652,192 in 2018 against $3,832,566.
Accell Group sold its money-losing Diamondback, Redline and IZIP brands to Beverly Hills, CA, private equity firm Regent LP, which also acquired Mavic from Amer Sports earlier this year.
Net income was $1,876,000 in the fiscal second quarter ended Jul. 13, against $12,071,000 last year that included $13 million from the sale of Stiga, as revenues increased 14% to $55,639,000 from $48,684,000.
NSSF-adjusted FBI background checks inched up 1.1% in July to 830,579 from 821,260 last year, helped by a 49% increase in AL and a 60% jump in MN, which together accounted for the year-on-year difference.