November 01, 2019
Comprehensive net income declined 89% in the third quarter to ¥1,202 million ($11.2 mm) from ¥11,221 million last year on 4% lower revenues of ¥98,962 million ($922.3 mm), down from ¥102,904, which would have been up constant currency.
Sales at NWL’s Home & Outdoor Living segment, which includes Coleman, were down slightly in the third quarter to $723.2 million from $726.5 million, but core sales declined in Outdoor & Recreation.
Revenue at Olin’s ammunition business increased 8% in the third quarter to $188.7 million from $174.0 million, its first increase since 2016, with commercial sales powering the gains.
The struggling fitness band maker has received a $7.35 a share, all cash buyout offer from Google parent Alphabet, valuing the company at about $2.1 billion.
The 76 stores that Olympia’s new owner JackRabbit did not want included in the acquisition began store closing sales run by SB360 Capital Partners.