November 21, 2019
Net income for the third quarter ended Nov. 2 was up 14% to $13,726,000 from $12,046,000 on 2% higher revenues of $274,645,000 vs. $269,181,000 including a 3.5% increase in same store sales.
Net income was up 12% to $3,432,000 from $3,075,000, while revenues increased 16% to $107,957,000 from $92,922,000 driven by the Delta Group segment, which increased 17% with growth in all businesses.
The Big Cat will extend its deal with the German football club that would have expired Jul.1 of next year for another eight years.
The Utah company has a patented technology for footwear fit that utilizes a flexible titanium arc attached to the insole that secures the heel inside a sneaker without laces.
Sales of Gap’s Other segment, which includes the Athleta, Intermix and Hill City brands, were up just 7% to $275 million from $258 million, a substantial sequential deceleration from Q2, where the segment saw sales jump 25%.
Scarpa North America is recalling about 5,400 Maestrale RS and Maestrale men’s ski boots because the ski boot shell can crack, posing a fall hazard.