September 09, 2020
Academy Sports and Outdoors has filed an S-1 with the SEC for a proposed initial public offering of its stock, reporting net income of $120,043,000 for the fiscal year ended Feb. 1, 2020, a 460% improvement from $21,442,000 prior, on revenues that inched up 1% to $4,829,897,000 from $4,783,893,000.
Coming off a big quarter that was even more impressive considering the fact that it doesn’t sell guns, DKS told the Goldman Sachs conference virtual conference that its number one area for future investment will be growing its private label business and also unveiled the test in one store of a business to build home fitness centers that it expects to roll out to 100 stores very quickly.
Skechers is taking an agonistic approach to investment in e-ecommerce versus brick-and-mortar growth as the company moves through pandemic recovery, it told the Goldman Sachs Global Retailing Conference.
Nominally filed on behalf of the company against Under Dog’s past and present executives and board members, a new suit filed in Baltimore federal court accuses them of fraudulently pulling forward sales to maintain a streak of 20% growth quarters.
Clarus called the pandemic a potential blessing for the company’s Black Diamond and Sierra brands as new and lapsed customers turn to the outdoor market during lockdowns, in a presentation at the Gateway Conference.
The bankrupt gunmaker selected JJE Capital Holdings, LLC as its stalking horse bidder, but its $65 million bid is only for the assets of Remington’s ammunition business.
Net loss was $14,976,000 in the second quarter ended Jul. 31 against a profit of $11,119,000 last year as the top line was more than halved at $297,212,000 down from $643,892,000.
The acquisition price represents a multiple of 9.7x 2019’s EBITDA of $13.4 million for the family-owned company, which makes helmets for climbing, military and first responders.
The pre-owned bicycle online seller has raised $12 million in a funding round led by Foundry Group and Edison Partners, bringing its total investment to date to more than $27 million.
The former CEO of Gap, Billabong and Eddie Bauer has been named to the top job at Neuberger Berman-owned licensing company Marquee Brands.