August 27, 2021
Lapping a huge quarter last year, the small market retailer’s net income increased 16% to $46,696,000 from $40,355,000 on 5% lower sales of $419,257,000 against $441,607,000 that included a 6.4% comp store decline, compared to a +79.2% comp in Q2 ’20.
WWW completed the sale of $550 million of 4.000% senior notes due in 2029, and has used the proceeds, along with borrowings under its credit facility, to redeem its 5.000% notes due in 2026 and 6.375% notes due in 2025.
Peloton revealed that the U.S. Department of Justice and the Department of Homeland Security has subpoenaed the company seeking information about its reporting of the treadmill incidents that resulted in the recall earlier this year.
Clarus’ Black Diamond unit is recalling a batch of Ascension Nylon Climbing Skins produced from Jan. to Mar. 2021, because they can experience accelerated glue-to-plush bond failure during use.