May 04, 2021
Net income was $77,752,000 in the first quarter, against a loss of $589,681,000 last year, as revenues climbed 35% to $1,257,195,000 from $930,240,000 including a 69% jump in DTC e-commerce sales.
The bottom line swung by $21,546,000 in profit against last year’s loss of $4,611,000 on a top line gain of 25% to $272,806,000 over $217,736,000, including a $10 million hit from the calendar shift from the 53-week FY ’20.
Net income nearly quadrupled in the first quarter to $4,492,000 from $1,188,000 on sales that expanded 57% to $87,667,000 from the pandemic-stunted $55,720,000 top line last year.
The Tennis-Point parent made its second acquisition in the U.S. in three months, buying online tennis powerhouse Tennis Express after acquiring Midwest Sports earlier this year.
Dick’s SG is opening four new stores this month, debuting six facelifted Golf Galaxy locations and adding TrackMan and BioMech golf technologies in eight other Golf Galaxy stores.
The 2021 winner of SFIA’s annual contest created a home health lab that uses urine and saliva tests to provide personalized nutrition and lifestyle advice through its Bisu Body Coach app.
RGR sent out a safety bulletin warning owners of early Ruger-57 pistols of a possible flaw that makes the right side safety lever prone to cracking.