February 19, 2020
Net income improved 55% to €17.8 million ($19.3 mm) from €11.5 million in the seasonally small Q4 ended Dec. 31 as the sales momentum continued with a 21% gain to €1,478.6 million ($1,599.5 mm) from €1,226.4 million.
The Eager Beavertons’ new CEO elevated three company veterans to senior leadership positions, putting his imprimatur on the executive team that will lead Nike forward in the post-Mark Parker era.
Fitness segment revenue was up 34% to $372,520,000 from $277,014,000 in the fourth quarter, led by sales of advanced wearables and contributions from Tacx, the indoor training and cycling software company the company acquired earlier in the year.
In the nearly four weeks since the Chinese New Year holiday began on Jan. 25, the Big a said its sales in Greater China have plummeted about 85% against the same period last year.
Net loss narrowed to ¥108 million ($1.0 mm) in fiscal Q3 ended Dec. 31 from a loss of ¥302 million prior on 4% higher revenues of ¥14,769 million ($135.9 mm) up from ¥14,168 million at the racquet sports and golf brand.
Net loss was ¥114 million ($1.0 mm) in the fiscal third quarter ended Dec. 31 against a profit of ¥51 million as sales at the sporting goods wholesaler and manufacturer declined 7% to ¥9,402 million ($86.5 mm) from ¥10,110 million.
Big Foot plans to invest $275 million this year up from a final tally of about $187 million in 2019.
Game Plan is suing LeBron James’ Uninterrupted, Nike, ESPN parent Walt Disney, and Take Two Interactive for infringing its “I Am More Than An Athlete” trademark.
Total on course participation increased 1.5% in 2019 to an estimated 440 million overall rounds played, according to the National Golf Foundation, lapping a wet 2018 that saw a 4.8% decline from 2017.
Contigo is recalling about 5.9 million 13-, 14- and 20-ounce Kids Cleanable Water Bottles that were the subject of a recall last Aug., because of additional incidents with replacement lids that were given to consumers as part of the original recall.