November 19, 2020
Famous’ parent Caleres returned to the black in Q3 with net income of $14,417,000, down 48% from last year’s $27,987,000 but a significant improvement from Q2, on revenues that were down 18% to $647,480,000 from $792,375,000.
Net income attributable to shareholders gained 41% to $4,969,000 in the fiscal final quarter ended Oct. 3 from $3,523,000 last year on revenues that were up 8% to $116,684,000 from $107,957,000 with gains across products and channels.
Net income grew by 4% to BRL 43,419,000 ($8.0 mm) in the third quarter from BRL 41,807,000 last year, as revenues increased 7% to BRL 382,856,000 ($70.9 mm) from $359,355,000.
While the Berkshire-Hathaway-owned running brand does not formally report financial results, Brooks said that it expects 2020 sales to grow 27% year-over-year, as strong demand for running has been buoyed by the Covid-19 pandemic.
Nike Unite is the fourth retail format introduced by the Eager Beavertons since it launched its consumer direct offense aimed at capturing a greater percentage of Swoosh customers for itself.
The company will pay a $9.75 million fee to the school and continued to supply $3.65 million worth of apparel and gear through the end of the school year, to terminate its sponsorship four years early, according to multiple sources.
The action camera maker is offering $125 million in aggregate principal amount of 1.25% convertible senior notes due in 2025, in a private placement to institutional buyers.