May 20, 2021
The bottom line more than doubled in DECK’s final fiscal quarter ended Mar. 31 to $28,005,000 from $13,634,000 on 50% higher revenues of $561,188,000 up from $374,910,000, led by a 63% jump in DTC to $235.1 million and a solid 41% improvement in wholesale to $326.1 million.
Active sales nearly doubled in the first quarter, comping against the retail shutdowns last year, and were up mid-teens from Q1 ’19 as they now account for 23% of sales, up from 20%.
The Eager Beavertons, along with Coca-Cola and American Airlines, are in the crosshairs of Consumers’ Research, a right-leaning group, for putting so-called “woke” politics over consumer interests.
Moody’s has revised Under Dog’s outlook to positive from negative, based on its improving brand health and better sales and profitability, particularly in North America.
Big Foot revealed that it has updated and amended its credit agreement with Wells Fargo, reducing the interest rate on its revolving credit facility by 50 basis points.