March 05, 2021
Triple-digit growth in exercise and solid gains in other hardgoods categories more than offset a mid-teens drop in apparel and a high-teens falloff in athletic footwear, driving an 18.4% improvement in total Q4 imports to $5,883.8 million up from $4,969.0 million.
The bottom line quadrupled in Q4 ended Jan. 30 to $23,932,000 against $6,001,000 on 20% higher sales of $376,830,000 up from $313,024,000, that included a +21.9% blended comp lapping last year’s 4.0% improvement.
Net income from continuing operations, excluding the since divested North American business, was up 9% to €64.8 million ($73.8 mm) from €59.3 million on 17% higher revenues of €1,296.5 ($1,476.7 mm) million, up from €1,111.0 million.
Founder Wayne Edy, who founded the U.K.-based sneaker brand in 2003, has bought back the 80% stake he sold to Descente in 2015 and taken over as CEO.