November 06, 2019
Net income was down 2% to €646 million ($717.3 mm) from €658 million for the quarter ended Sep. 30 as sales rose to €6,410 million ($7,117.5 mm) from €5,873 million that would have been up 6% constant currency.
Red ink kept on gushing in the third quarter, as net loss expanded to $51,893,000 from a loss of $2,056,000 last year, on 12% lower revenues of $347,200,000 down from $393,575,000, which was slightly better than Wall St. expectations.
The new agreement extends the basic terms of the three-way deal signed in 2018, in which Nike supplies NFL teams with on-field uniforms and apparel, while Fanatics outfits the fans.
The multi-banner online retailer is acquiring Scuba.com, which it will add to its watersports equipment portfolio that already includes Leisure Pro.
The U.S. Trade Representative announced that the United States would preserve duty-free market access for backpacks, sports bags and other travel goods manufactured in Thailand under the Generalized System of Preferences.