August 07, 2020
Net loss was ¥1,097 million ($10.2 mm) in the fiscal first quarter ended June 30, against a profit of ¥1,308 million last year, on 32% lower revenues of ¥28,657 million ($266.6 mm), down from ¥42,155 million, as the Covid-19 pandemic affected all regions.
Net loss grew to $50,975,000 from a loss of $11,287,000 last year in the second quarter, on revenues that were more than halved to $134,246,000 from $292,429,000, including a 72% plunge in wholesale to $74.7 million partially offset by a 125% gain in sales through gopro.com to $59.5 million.
The Japanese retailer swung to a net loss of ¥477 million ($4.4 mm) in its fiscal first quarter ended June 30, from a profit of ¥1,498 million last year as sales dropped 33% to ¥40,856 million ($565.5 mm) from ¥60,796 million.
DBI replaced its $400 million cash flow-based revolving credit facility with a new $400 million asset-based revolver that matures in Aug. 2025, and also closed a $250 million senior secured term loan.