February 06, 2020
Hit by a challenging retail environment against a banner year prior, Columbia net income in Q4 inched up 1% to $114,025,000 against $113,260,000 on a 4% sales improvement to $954,867,000 from $917,598,000.
Net income was up 26% to $59,532,000 in the fourth quarter from $47,377,000 as revenue grew 23% to $1,330,732,000 from $1,080,798,000 with every geography contributing double-digit growth to the top line.
Net income was $14,648,000 in the fiscal third quarter ended Dec. 29 lapping the calamitous $514,642,000 loss last year that included over half a billion in impairments, on revenues that declined 9% to $424,770,000 from $467,771,000, but were just positive excluding the divested Savage Arms business.
The Air Zoom Vaporfly Next%, worn by Eliud Kipchoge in his unsanctioned sub-two hour marathon, will be eligible for the Tokyo Olympics under new rules that permit the technology as long as the models are available at retail.
Net loss in the fiscal third quarter ended Dec. 30 was ¥440 million ($4.0 mm) against a profit of ¥541 million last year on sales that plunged 21% to ¥26,942 million ($247.9 mm) from ¥34,147 million.
The Eager Beavertons became the latest major athletic brand to throw in the towel on operating a wholly owned subsidiary in the tricky South American market.
The Seattle-based e-bike brand closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP, and will use the investment for opening retail stores and expanding the company’s mobile service and delivery business.
Rawlings is recalling about 1,470 CHMACH-SR senior catchers’ helmets because the back plate of the helmet can fail to protect the player, posing a risk of head injury.