February 10, 2022
Net loss narrowed to $26,226,000 in the final quarter from a loss of $40,576,000 prior, as product revenues inched up 2% to $380,290,000 from $374,629,000 and Topgolf added $331,434,000 in services revenue to bring the total to $711,724,000.
Net loss attributable to shareholders was ¥9,671 million ($85.1 mm) in Q4 compared to a loss of ¥12,718 in 2020, on sales that inched up 2% to ¥81,875 million ($720.1 mm) from ¥80,578 million.
Net income gained 42% to C$151.9 million ($120.66 mm) from C$107 million on C$586.1 ($465.2 mm) in revenue, up 24% from C$474.0 million for the fiscal third quarter ended Jan. 2.
The battle over the Kohl’s future amped up as activist investment firm Macellum Advisors announced that it is seeking control of the retailer’s boardroom with a slate of 10 directors to be nominated at the company’s annual meeting.
Largely echoing Moody’s comments last month on Amer Sports’ operating performance, S&P Global has raised the company’s rating to B from B-, and similarly upgraded its €1.7 billion senior secured term loan B and €315 million revolving credit facility due 2026.
The 550-door specialty footwear and lifestyle chain topped half a billion dollars in revenues last year, a 24% improvement over 2020.
The Big a’s supervisory board has renewed the contracts of executive board member Roland Auschel, responsible for global sales, and Brian Grevy, responsible for global brands.