May 06, 2021
Net loss narrowed to $8.6 million in the fiscal third quarter ended Mar. 31 from a loss of $55.6 million last year, on revenues that grew 141% to $1262.3 million from $524.6 million with both equipment and subscription revenue improving triple digits.
Net income attributable to shareholders rocketed 857% higher to $84,958,000 in the first quarter from $8,877,000 last year, on revenues that were up 42% to $580,885,000 from $408,741,000 and increased 34% over 2019.
A net profit of $67,012,000 in the fourth fiscal quarter ended Mar. 31 eclipsed a $141,214,000 loss last year that included a $156 million impairment charge, as revenues expanded 40% to $596,524,000 from $426,311,000.
Net income soared 149% to $38,192,000 from $15,338,000 in the first quarter on 49% higher revenues of $184,377,000 up from $123,639,000 as consumer demand remained very strong though the period.
Net income was up 235% to $4,398,000 from $1,311,000 on 12% higher revenues at $108,626,000 over $96,660,000 for the fiscal second quarter ending Apr. 3.
The Big a is projecting that Reebok’s revenues will grow at a CAGR of 10% going forward, generating EBITDA of at least €200 million by 2025, and has asked prospective buyers for the brand to submit bids next week, according to Reuters.
Profits more than quadrupled in the first quarter to $37,986,000 from $8,250,000 on 52% higher sales of $281,136,000 up from $184,361,000 driven by an 86% jump in Specialty Sports Group sales from both OEM and aftermarket bicycle component channels.
Net loss improved to $10,168,000 in Q1 from a loss of $63,528,000 last year on 71% higher revenues of $203,680,000 up from $119,400,000 driven by a 224% increase in DTC e-commerce to $82 million, or 40% of revenue.
Adidas and Nike online sales on Alibaba’s popular Tmall marketplace tumbled 78% and 59%, respectively, last month, according to a research note from Morningstar that was widely reported.
The retailer will pay $103 million to repurchase and retire 3,229,974 shares of the potential 16.1 million share offering at a price of $32 per share.
The maker of the Oura Ring sleep and activity tracker raised $100 million in Series C funding at an unspecified valuation, bringing the company’s total to $148.3 million.
The U.S. operation of the Globeride-owned fishing equipment brand promoted Graves to succeed Trevor Teragaki, who will become chairman and also represent Daiwa USA on the parent company’s board.
Private equity firm Gainline Capital Partners is buying Galaxy Universal, which is helmed by E.S. Originals founder Eddie Esses.