Net income grew 69% in the third quarter to $52,432,000 from $31,048,000 on revenues that were 12% higher at $475,559,000 up from $426,217,000 in its first quarter lapping incremental Jack Wolfskin sales.

NLS’ bottom line posted a major swing to income of $33,838,000 in the third quarter from the prior year’s loss of $8,844,000 as sales gained 152% to $155,391,000 from $61,708,000, and were up 132% excluding Octane Fitness, which was being held for sale.

It will pay a hefty $2.1 billion for a highly profitable brand that is currently doing about $500 million in sales and has an operating margin over 20%, but VF sees it as having a $1 billion potential in fairly short order with an 8-10% CAGR that can benefit from VF’s back end strengths in digital, international and to some degree supply chain.

Net income attributable to shareholders slipped 59% to ¥753 million ($7.1 mm) in the fiscal second quarter ended Sep. 30 from ¥1,856 million last year, as revenues fell 25% to ¥27,344 million ($257.7 mm) from ¥36,447 million.

Net income was down 66% to $1,183,000 in the third quarter from $3,492,000, hurt by $1.4 million in costs related to the Barnes Bullets acquisition and $6.6 million of non‐cash charges, even as sales expanded 7% to $64,491,000 from $60,203,000.

The 12.5% year-over-year increase to a record 2.11 million Twenty-Foot Equivalent Units eclipsed Aug.’s total by 0.01 TEU and was the largest month since the NRF’s Port Tracker began tracking imports in 2002.

Standard and Poor’s raised the outdoor retailer’s issuer credit rating to B+ from B, citing its positive results for the trailing 12 months through Sep., including a more than 9% sales increase a 34% jump in adjusted EBITDA, and strong cash flow generation.

Christy has acquired Double Diamond Ski and Bike Shop in Vail, effective Nov. 5, and will rebrand the 57-year-old retail store with the Christy Sports banner.