February 27, 2020
The bottom line jumped 56% to $17,859,000 from $11,418,000 in the seasonally small final quarter on 7% higher revenues of $368,271,000 up from $343,355,000 driven by strong U.S. sales and a double-digit increase from the golf ball segment.
Net income returned to a positive $19,913,000 for the fourth quarter against a loss of $10,886,000 in 2018 due to the Blackstone convertible stock repurchase, on revenue that was up 22% to $262,979,000 from $215,989,000.
It did not, of course, provide any specifics on sales but did note that it opened two full scale stores in the Bay area market to supplement a pilot store located on Market Street in San Francisco, the latter a location heavily frequented by tourists rather than typical California shoppers as the new stores are aimed at.
That roughly matches the pace of 2019 when the outdoor chain opened nine stores to reach a total of 46 units with total square footage of 1 million against 800,000.
The parent of Stack-On, Cannon Safe, and GunVault filed for Ch. 11 in NV bankruptcy court, listing $10 to $50 million in assets and $100 to $500 million in liabilities.
NB, which has been making a move into basketball starting with the signing of Kawhi Leonard at the end of 2018, entered into a long-term global agreement as an official marketing partner of the NBA.
The music publishers group had been attempting to extract up to $300 million from PTON for failing to properly license the music its instructors use for its online workouts.
In a letter to shareholders, RYU said it expects to complete a new round of financing by Mar. 9 and bring on board a strategic consultant.