July 30, 2021
Net income was $324,245,000 in the fiscal first quarter ended Jun. 30, against a loss of $285,613,000 last year, as revenues more than doubled to $2,194,557,000 from $1,076,293,000 and were up 7% from the same period in 2019.
Coleman was called out for “terrific results” and was one of the strongest selling brands in Newell’s portfolio in the second quarter, while Contigo’s On The Go drinkware and Marmot technical apparel also performed well.
Specialized Bicycle Components is recalling about 2,500 1st Generation Turbo Levo and Kenevo electric mountain bike battery packs, because water can penetrate the seal around the LED control pad and cause the battery to short circuit.