April 28, 2021
Net income more than tripled to €109.2 million ($131.6 mm) from €36.2 million in the first quarter, on a 19% jump in revenues to €1,548.8 million ($1,866.0 mm) from €1,299.8 million that was up 26% constant currency.
Fitness segment revenues were up 38% in the first quarter to $1,072,327,000 over $856,108,000 on strong cycling and advanced wearables demand, driving operating income up 138% to $73,736,000 from $31,011,000.
Olin Corp.’s ammunition business was a standout in the first quarter, more than doubling sales to $389.2 million from $188.0 million driven by continued strong demand in both commercial and military segments and higher commercial prices.
Sales at Helen of Troy’s Housewares segment, which includes Hydro Flask, improved by 12% in the fiscal fourth quarter ended Feb. 28 to $162,463,000 from $144,948,000 driving a 16% gain in operating income to $16,193,000 from $13,965,000.
The Big a will move its basketball operations from the North American headquarters in Portland, OR, to a new location in Los Angeles, according to Business Insider, which first reported the news.
The occupational workwear portion of VFC’s Work segment is being sold to a subsidiary of Redwood Capital Investments, completing a divestiture process that began in Jan. 2020.
The natural fibers sneaker and apparel manufacturer and retailer is interviewing banks in preparation for an IPO, the New York Times reported.
The National Sporting Goods Association will host The Sporting Goods Rebound on May 19 at 11:00 Central Time, a two-hour virtual event featuring presentations and Q&A with experts addressing issues facing industry retailers.
COLM says that Woolly Mammoth, which does business as Wuxly, is knocking off its patented Omni-Heat heat reflective material grid in the Wuxly Sabertooh jacket.