February 18, 2021
Net income shot up 286% to $31,713,000 in the final quarter from $8,208,000 the year before, on sales that increased 61% to $169,260,000 from $105,139,000 as firearms demand remained very strong though the period.
Net income fell 16% to €300,351,000 ($263.7 mm) for the full year from €358,685,000 in 2019 on revenues that were down 12% to €1,440,409,000 ($1,229.6 mm) from €1,627,704,000.
Sales at Sumitomo Rubber’s sports division, which includes Dunlop, Srixon and XXIO, declined 9% in the final quarter to ¥20,458 million ($195.8 mm) from ¥22,416 million.
Sales at Canadian Tire’s sporting goods banner declined 2% to C$604.8 million ($464.2 mm) from C$619.4 million in the final quarter and comps dropped 3.0%.
ESCA net income nearly doubled in the fourth quarter to $5,087,000 from $2,575,000 on 59% higher revenues of $74,767,000 up from $47,044,000, its fourth consecutive quarterly sales record.
Strong demand for VSTO’s senior unsecured notes due in 2029 led the company to expand the offering to $500 million from the original $350 million.
The 72-year-old fishing tackle and outdoor gear brand has been added to Rather Outdoors portfolio that includes Lew’s Fishing, Strike King and others.
Asics’ investment subsidiary has taken a stake in Dreamstock, the operator of a soccer scouting platform that matches players with clubs.
VFC said it has already allocated the €493 million of net proceeds from its first green bond, which it issued last year, to 13 eligible sustainability projects.
The maker of Theragun and other therapeutic training aids said that 2020 revenues tripled, helped by international expansion into over 60 countries, with its most recent offices opened in Shanghai, London, and Dublin.