February 09, 2022
The bottom line swung to a loss of $13,499,000 against last year’s $28,936,000 profit on revenue that was down 22% to $147,342,000 from $189,259,000 for the fiscal third quarter ended Dec. 31.
The ratings agency assigned a BB- issuer credit rating to ASO, and raised its issue-level ratings to BB-, noting that it’s withdrawing the ratings on the public company’s subsidiary New Academy Holding Co. LLC.
Net income slipped 6% in the fourth quarter to SEK 154 million ($18.0 mm) from SEK 164 million, despite a 15% top line improvement to SEK 1,846 million ($215.2 mm) from SEK 1,605 million.
Retail imports finished 2021 with a record high total of 25.8 million Twenty-Foot Equivalent Units, up 17.4% from 2020, according the NRF’s PortTracker, which expects strong consumer demand to continue, but imports to grow modestly in the first half of 2022.
The outdoor brand and retailer Lost Coast Outfitters are being sued in a putative class action that was filed in CA state court, but was then removed to Cen. CA federal court, accusing them of misrepresenting certain apparel items as having 50+ UPF sun protection, when they had far less.
Petzl is recalling about 252 Scorpio Eashook Lanyards with Carabiners because their gate automatic closing system can malfunction, risking injury or death to the user.