May 28, 2021
Net income was $84,766,000 in the first quarter ended May 1, lapping a $15,287,000 loss last year that was hit by a $19.7 million goodwill impairment, as revenues jumped 88% to $506,861,000 from $269,837,000, including an 87.3% blended comp gain that was up 51.4% from 2019.
The bottom line swung back to income of $6,147,000 from the prior year’s $345,838,000 bloodbath that included $262,719,000 of goodwill impairment, on revenues that were up 61% to $638,636,000 from $397,184,000, but are still down 6% vs. 2019.
Nike’s decision to stop working with Neymar Jr. last year was connected with allegations by a Nike employee that the footballer had sexually assaulted her, the Wall Street Journal has revealed, and Nike has partly verified the report, adding that the allegations could not be confirmed.
Handgun imports more than doubled in Feb. to 434,204 units, according to ITC data complied by the NSSF, including a 115% jump in pistols to 408,838 units and a 75% increase in revolvers to 25,366 units.