November 08, 2019
The bottom line declined by 48% in the third quarter to $4,817,000 from $9,206,000 on 17% lower sales at $94,999,000, down from $114,945,000, as RGR continues to avoid aggressive discounting despite a promotional marketplace.
Athlete Mary Cain’s op-ed in the New York Times details her treatment as part of the Eager Beavertons’ elite (and now disbanded) Oregon Project.
Operating income at Dorel’s Sports segment was off 15% to $5,957,000 against $6,993,000 despite 14% higher sales of $250,277,000 up from $219,120,000 driven by strong sales from Cycling Sports Group, even in the mass channel which has struggled in recent quarters.
Net loss nearly doubled to $18,680,000 in the third quarter from a loss of $9,615,000 impacted by $33.1 million of impairment charges for the Jessica Simpson and Joe’s brands against a $17.9 million impairment last year, as licensing revenues slipped 14% to $25,392,000 from $29,455,000.
DLA said its actual sales from the fiscal fourth quarter ended Sep. 28 were up 16% to $108.0 million from $92.9 million in the prior year period, better than the $104 to $106 million it was expecting.
Imports in November are now expected to equal those in July for the highest volume months this year, according to Hackett Associates, which produces the NRF’s monthly Global Port Tracker.
Of the 400 former Cabela’s employees still in Sidney, NE, only about 280 will remain after parent Bass Pro relocates 120 more jobs to its Springfield, MO, headquarters.
Crocs shareholder The Blackstone Group is selling its remaining 6,864,545 shares in the clogmaker to Morgan Stanley in a secondary offering at a price of $35.54 per share for a total of almost $244 million.