February 05, 2020
Net loss expanded slightly to $55.4 million from a loss of $55.1 million in the fiscal second quarter ended Dec. 31 on a 77% jump in sales to $466.3 million from $262.9 million including subscription revenue that more than doubled.
Under Dog promoted its chief supply chain officer Colin Browne to chief operating officer, succeeding Patrik Frisk, and promoted chief digital officer Paul Fipps to chief experience officer, a new position.
Net income jumped 203% to $95,820,000 from $31,671,000 as revenue saw a 40% increase to $528,345,000 from $377,378,000 for the fourth quarter ending Dec. 31, GPRO’s second most profitable quarter in its history.
Hurley owner Bluestar Alliance has already laid off 56 employees as it changes the brand to a licensed business model, but will maintain the company’s Costa Mesa headquarters with about 90 staff in design, production and sales.
The Big a said it was going to close a “considerable” number of its Chinese retail stores due to the coronavirus, echoing Nike’s announcement yesterday.
Surging commercial sales sent Winchester ammunition revenues up 6% in parent Olin’s fiscal third quarter ended Dec. 31 to $154.7 million from $145.5 million, resulting in a 63% gain in segment operating income to $7.0 million from $4.3 million.
NSSF-adjusted NICS FBI background checks soared 18.6% last month to 1,171,478 from 988,160, including an incremental 67,699 checks in VA, where the state legislature is contemplating gun control laws that would limit handgun purchases to just one per month and ban MSRs and magazines that hold more than 10 rounds.
Pioneer is exiting its pedaling monitor, cycle computer and other related businesses by the end of Mar. 2020, and will transfer those assets and IP to Shimano.
The retailer plans to cut 200 jobs across every level of its organization at the end of Feb., according to the Sun Journal, leaving it with about 5,200 employees.
The new five-year $70 million senior secured credit facility consists of a new $55 million asset-based revolver and a $15 million term loan from Wells Fargo Bank.