May 10, 2021
Benefitting from a $252,531,000 non-cash gain booked on its Topgolf investment, ELY’s net income soared to $272,461,000 in the first quarter from $28,894,000 last year, on total revenues that increased 47% to $651,621,000 from $442,276,000.
Net income skyrocketed to $30,404,000 from $2,184,000 on record revenues that more than doubled to $206,075,000 from $93,722,000 for the three-month gap period ended Mar. 31, as NLS resets to an Apr. to Mar. fiscal year.
Net income was $5,677,000 in the first quarter up from just $36,000 a year ago, on revenues that increased 41% to $75,331,000 against $53,555,000 driven by a tripling of ammunition sales.
Authentic Brands Group and the SPARC Group, a joint venture between ABG and mall-owner Simon Properties, is buying 300-door outdoor and casual retailer Eddie Bauer from Golden Gate Capital-owned PSEB Group.
The Indonesian retailer’s net income attributable to shareholders tumbled 93% to IDR 5,069 million ($0.4 mm) in the first quarter from IDR 69,161 million, on 13% lower revenues of IDR 1,275,864 million ($90.0 mm) down from IDR 1,468,559 million.
Retail cargo imports set another new record in Mar., growing 65% from last year and 21% sequentially from Feb., to 2.27 million twenty-foot equivalent units, according to the NRF and Hackett Associates.
Revenue at the Chinese footwear maker and retailer increased 11% to $786,268,000 from $709,969,000 driven by a 21% improvement in implied manufacturing sales to $482,426,000 against $400,027,000.
East Texas Boot Company is accusing The Big a of infringing on three of its footwear patents, which relate to a toe box design that returns more “ball strike energy” when kicking a soccer ball.
Vans co-founder, who launched the iconic vulcanized skate shoe brand in Anaheim, CA, in 1965 with his brother Jim and two other partners, has died at age 90.