August 18, 2021
Net income jumped 176% to $36,259,000 from $13,117,000 on sales that were up 78% $212,244,000 from $119,469,000 for the second quarter ended July 3, benefitting from 87% growth in the Sports & Entertainment segment to $151,497,000, while Confections gained 59% to $60,747,000.
The Daiwa fishing and golf brand owner’s net income was up more than eight fold to ¥3,953 million ($36.1 mm) in its fiscal first quarter ended June 30, from just ¥448 million last year, as revenues jumped 62% to ¥33,015 million ($301.8 mm) from ¥20,377 million.
Net income bounced back to ¥1,235 million ($11.3 mm) in FQ1 ended June 30 from a loss of ¥292 million last year, on 40% higher revenues of ¥17,078 million ($156.1 mm), up from ¥12,200 million, though both top and bottom lines fell slightly short of 2019 results.
Net income was ¥948 million ($8.7 mm) in FQ1 ended June 30, against a loss of ¥1,279 million last year, as revenues nearly doubled to ¥16,179 million ($147.9 mm) from ¥8,200 million.
Sumitomo Rubber’s sports division returned to the black in Q2, with income of ¥3,050 million ($27.9 mm) against a loss of ¥2,505 million last year, on sales that more than doubled to ¥28,112 million ($257.0 mm) from ¥12,478 million.
Nike has stripped the Beaverton campus’ Alberto Salazar Building of its name, the company confirmed to the New York Times Tuesday.