April 22, 2021 Skechers Comes Back Strong in Q1 on Big International Gains
Net income more than doubled to $98,573,000 from $49,101,000 on revenues that were up 15% (+12% constant currency) to a record $1,428,418,000 over $1,242,345,000 and were up 12% from the more normal Q1 ‘19. Peloton Faces Class Action after CPSC Warning
On the heels of last weekend’s warning issued by the CPSC, Tread+ owner Shannon Albright has filed a proposed class action suit against Peloton in Sacramento, CA, federal court, claiming the treadmill has significant design flaws. Moncler Bounces Back to Near 2019 Levels in Q1
First quarter revenues expanded by 18% at the luxury outerwear brand to €365,459,000 ($440.4 mm) from €310,108,000 million and were up 21% in constant currency, driven by strong results from China, Korea and North America. Thule Has a Solid Start to 2021
Net income for the first quarter was up 85% to SEK 447 million ($53.3 mm) from SEK 241 million on revenues that increased 46% to SEK 2,538 million ($302.6 mm) from SEK 1,744 million. VF Corp. Names New Finance Chief
VFC promoted 20-year company veteran Matt Puckett to EVP and chief financial officer, succeeding Scott Roe, who is leaving in May after the end of its fiscal year. Anta Parent Selling 3.3% Stake
Anta International Group Holdings has agreed to sell about 88 million shares in Anta Sports Products, of which it is the controlling shareholder, through a private placement. Etcetera: Dick’s, Osprey, Maven, True Spec Golf, Panini, BSN Sports
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