April 27, 2021 Crocs’ Net Soars on Strong Sales Gains
Net income rocketed 787% to $98,398,000 from $11,091,000 on record Q1 revenues that were up 64% to $460,098,000 over $281,160,000 driven by DTC sales that nearly doubled. Shimano Posts Huge Q1 Gains in Bikes, Fishing
Net income attributable to shareholders was up 45% in the first quarter to ¥28,596 million ($270.0 mm) from ¥19,663 million on a 64% jump in revenues to ¥126,426 million ($1,193.8 mm) from ¥76,920 million driven by both bike components and fishing gear. Fenix Outdoor Net Grows Despite Sales Decline
The parent of Royal Robbins, Fjällräven and other outdoor brands saw first quarter net income more than double to €9.6 million ($11.6 mm) from €4.4 million, on 1% lower revenues of €128.1 million ($154.3 mm). Pegasus International Sales Drop Further in 2020
Net loss narrowed to $625,000 for the year from a loss of $21,970,000 in 2019, but the footwear maker’s top line dwindled to just $3,352,000 from $4,595,000.
The Chinese footwear manufacturer and retailer said it expects net income for the first quarter to come in between $80 and $90 million, against last year’s pandemic-driven loss of $56 million. Nike Settles Bag Check Suit for $8.25 Million
The Eager Beavertons will pay a total of $8,250,000 to settle a seven-year-old class action brought on behalf of its retail employees in CA who were required to undergo off-the-clock security checks and visual inspections before being allowed to leave work.
A former top executive of Adidas and Puma and a former president of the Federation of the European Sporting goods Industry (FESI), has passed away. Etcetera: Finish Line, Cotopaxi, REI, Pure Archery, Hyperice, Canterbury
|