October 30, 2020 Under Armour Divests Myfitnesspal After Solid Q3
Under Dog recorded a $74,201,000 restructuring and impairment charge that pulled net income down to $38,946,000 for the third quarter, a 62% decline from last year’s $102,315,000 bottom line, on revenues that inched higher to $1,433,021,000 from $1,429,456,000. Newell’s Outdoor Segment Swings to Profit on Sales Gain
Sales at NWL’s Outdoor & Recreation segment, which includes Coleman, Marmot and other outdoor brands, increased 8% to $383 million from $356 million in the third quarter, generating operating income of $40 million against a loss of $41 million last year. Columbia Resets C-Suite, Elevates Several EVPs
COLM announced that 18-year company veteran, EVP and COO Thomas B. Cusick will step back from that position to a part time role where he’ll apply his expertise to information technology and supply chain initiatives.
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