September 09, 2021
Net income improved 14% to $190,510,000 in the second quarter from $167,676,000 last year as revenues climbed 12% to a record $1,791,530,000 from $1,606,420,000, including comp stores sales growth of 11.4% on top of 27.0% last year.
The bottom line dwindled by 5% to $23,998,000 in the second quarter from $25,392,000 last year despite a sales increase of 7% to $268,666,000 from $250,392,000 that was also up 18% from 2019.
Net income increased 93% to $3,457,000 over $1,789,000 on revenues that gained 20% to $60,768,000from $50,468,000 for the fiscal first quarter ended July 31.
Dick’s plans to build on its growth during the pandemic, which set a new baseline for the business on key categories, it told the Goldman Sachs Global Retailing Conference.
The VFC executive is leaving the company, and taking the Eagle Creek bag and pack brand with him, according to a letter to employees sent by CEO Steve Rendle.
VSTO is in negotiations to acquire the high-end golf simulator maker for around $500 million, Bloomberg reported, citing a source close to the matter.
The Chinese sportswear brand has closed the sale of two tranches of convertible bonds, $65 million in USD denominated, zero coupon bonds issued by its subsidiary Xtep Global, and HK$500 million ($65.4 mm) in 1.8% bonds issued by the parent.
The owner of Huk and Nomad elevated its chief marketing officer, Pete Angle, whose resume includes stints at Plano Synergy and Mossberg, as the company’s new president.
COLM promoted Mountain Hardwear VP of sales for North America, Troy Sicotte as the brand’s new president, and hired Monica Mirro to lead prAna.