August 07, 2019 Wolverine Worldwide Net Falls, But Gains Promised in H2
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. Acushnet Revenue, Net Declines in Q2
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. Mizuno Golf, Running Pace North American Gains
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. Gander Comps Fall in Q2, as Inventory Cuts are Planned
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. Nike Acquires Celect to Boost Consumer Direct Offense
The firm uses artificial intelligence to predict allocations of inventory down to the local level and optimizes inventory. Looking to Become the Next LULU, Hylete Files IPO
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 Sells U.S. Business to PE Firm
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. Escalade Sees Sales Bump from Outdoor and E-commerce
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. NICS Checks Rise for Third Straight Month
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. Etcetera: Sierra, Bear & Son, Mystery Ranch
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