February 04, 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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
The e-bike company saw five new investment funds take an equity stake, along with existing investors Durable Capital Partners and Vulcan Capital.
The family-owned national firearms distributor elevated 33-year company veteran and current SVP & general manager to president.
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.