May 26, 2021 Dick’s Delivers Record Q1 Earnings as Team Rebounds
Net income was $361,756,000 in the first quarter ended May 1, lapping a $143,422,000 loss last year in the depths of pandemic lockdowns, and up over six-fold from a $57,525,000 profit in Q1 ’19. Vista Outdoor Sets New Strategic Goals
Vista Outdoor introduced a new, “Roadmap to 2025” three-year plan at its investor day, which calls for 10%-plus annual revenue growth, including acquisitions, and an EBITDA margin expanding from 15.5% currently towards 20%. Designer Brands is Back in The Black in Q1
The bottom line returned to profitability for the first time since the onset of the pandemic with income of $17,026,000 against last year’s loss of $215,858,000 as sales increased 46% to $703,155,000 over $482,783,000. VF Corp. Launches Incubator, Financing Platforms
VFC’s new Venture Platforms will add a dedicated, innovation seeking component to its existing brand portfolio strategy to focus on identifying and investing in new, future-focused opportunities. Grand Trunk Acquires Alite Designs
The travel hammock maker will relaunch Alite products, including its lightweight Monarch camp chair, later this year under the Grand Trunk brand name. Kering Selling 60% of Remaining Puma Stake
The Big Cat’s former parent company plans to sell about 8.9 million PUM shares, about 5.9% of the company’s share capital, which is worth about €833 million ($1,015.3 mm) at today’s closing price. Academy Sports Completes Term Loan Refinancing
ASO confirmed that its old, $399 million term loan has been retired, using $99 million in cash and the proceeds from a new $300 million term loan. Fox Racing Inks New Credit Facility
The protective gear and apparel company has a new, $95 million senior secured credit facility provided by Wingspire Capital, consisting of a $35 million revolver and a $60 million term loan. Etcetera: Wolverine, Hibbett, Fanatics, Chaco, Sea to Summit, Mystery Ranch
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