February 04, 2021 Columbia Recovers in Q4, Sees More Normal 2021
Net income slipped 16% in the final quarter to $95,756,000 from $114,025,000 on 4% lower revenues of $915,623,000 down from $954,867,000, a sequential improvement but one that was helped by Q3 wholesale orders that were pushed right. Skechers’ E-commerce Gains Power Final Quarter
Net income in the fourth quarter fell 10% $53,281,000 from $59,532,000 on revenues that inched down slightly to $1,324,711,000 from $1,330,732,000 lapping a record top line in 2019. Deckers’ Ugg and Hoka Combine for Record Sales
Net income soared in DECK’s important third fiscal quarter ended Dec. 31, growing 29% to $263,204,000 from $203,287,000 on 15% higher sales of $1,077,759,000 up from $938,735,000 powered by solid growth from Ugg and another huge result from Hoka. Peloton Top $1 Billion in Holiday Quarter
Net income at the connected fitness powerhouse swung to a $63.6 million profit in the fiscal second quarter ended Dec. 31 from a loss of $55.4 million last year on total revenues that crossed the billion-dollar threshold, hitting $1,064.8 million against $466.3 million. Vista Outdoor Momentum Continues Through Holiday Quarter
Net income more than quintupled to $78,879,000 from $14,648,000 in the fiscal third quarter ended Dec. 27 on 35% higher revenues of $574,679,000 from $424,770,000 including a 41% gain in shooting sports and a 24% improvement in outdoor products. GoPro Sees Results Tumble on DTC Pivot
Net income was cut 54% to $44,413,000 from $95,820,000 in the final quarter on revenues that lost 32% to $357,772,000 from $528,345,000 reflecting the action camera maker’s change in business model to a lower volume DTC focus. Canada Goose Gains on E-commerce, Wholesale Strength
Net income dropped 7% to C$107.0 million ($82.1 mm) in fiscal Q3 ended Dec. 27 from C$114.7 million on revenues that were up 5% to $474.0 million ($363.8 mm) from $452.1 million, coming in above expectations in what is the outerwear maker’s seasonally largest quarter. JD Sports Raises £464 million in Private Placement
The avaricious U.K. retailer raised the equivalent of $635 million, selling a total of 58.4 million shares at 795 pence apiece, which expanded its float by about 6%. Boardriders Hires Former TNF Chief Arne Arens
He will succeed Dave Tanner as CEO of the Oaktree Capital Management-owned active sports company, which counts the Quiksilver, Billabong, ROXY, DC Shoes, RVCA, Element, and VonZipper brands in its portfolio. Kohl’s Expects Q4 Profit on Sequential Improvement
Fourth quarter revenues were down about 10%, including a -11% comp, but a better-than-expected gross margin rate and strong SG&A expense management should drive earnings of $1.00 to $1.05 per share ($162 mm) down from $265 million prior. Rad Power Bikes Lands $150 Million Investment
The e-bike company saw five new investment funds take an equity stake, along with existing investors Durable Capital Partners and Vulcan Capital. Lipsey’s Promotes Flint Virgets to President
The family-owned national firearms distributor elevated 33-year company veteran and current SVP & general manager to president. Dick’s Sues over GameChanger Mark
DKS’s GameChanger Media is suing Sports Reference, LLC, in Western PA federal court for infringing on its mark with the “Game Changer” baseball-viewing app on its Baseball Reference website. Etcetera: Swix, Seirus, NSSF, Riton, SCL Footwear
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