April 28, 2021 Puma Posts Big Q1, but China and Supply Chain Concerns Remain
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. Garmin Fitness and Outdoor Segments Accelerate
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. Winchester Profits Skyrocket in Q1
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. Hydro Flask Parent Sees Double-Digit Improvement
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. Adidas Basketball Moving to Los Angeles
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. VF Corp. Finds Buyer for Occupational Workwear Business
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. Report: Allbirds Planning for Public Offering
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. Columbia Sues Woolly Mammoth Outerwear over Omni-Heat
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. Etcetera: Varsity Spirit, Oberalp North America, XS Sights, Under Armour
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