July 22, 2021
Net income soared in the second quarter to $137,369,000 against a $68,097,000 loss last year, as the top line set another quarterly record of $1,657,773,000, up 127% from last year’s $729,472,000 and 32% higher than in 2019.
Net income was up nearly six fold to $318,954,000 from $56,551,000, on revenues that rose 93% (+88% CC, +79% over Q2 ‘19) to $640,773,000 from $331,549,000.
Finish Line, Shoe Palace and DTLR Villa parent, JD Sports Fashion has announced the acquisition of a “significant” minority stake in U.K.-based athleisure and performance wear brand Gym King.
Cityrow, which offers a connected rowing machine as well as operating brick-and-mortar exercise studios, has closed a $12 million Series A funding round led by JW Asset Management.
Adidas will succeed Under Armour as apparel and equipment sponsor of the University of Hawaii through 2024-25, starting with the football, basketball and volleyball teams this year.
Recreational visits increased by a quarter last month to 31,329,417 from 25,063,841 in June 2020, bringing year-to-date visits up 33% to 120,525,111 against 90,538,611.