February 18, 2022
The small market operator’s sales inched up just 2% to $383.3 million in the final quarter ended Jan. 29, compared with $376.8 million last year, including -1.0% comps that fell well short of positive high single-digit guidance.
Fanatics, along with a coterie of celebrities and influencers including Jay-Z, Maverick Carter, Meek Mill, the D’Amelio Family and Lil Baby, is buying nostalgic licensed apparel brand, Mitchell & Ness from Juggernaut Capital Partners.
Callaway plans to refinance its own and Topgolf’s existing debt with a $950 million 7-year senior secured term loan B that will also return about $166 million in cash to its balance sheet.
Under Dog’s reduced inventory levels, focus on cleaning up distribution, and low leverage led S&P Global to raise its outlook to positive from stable, while affirming UA’s BB issuer credit rating.
Net income nearly quintupled to ¥1,737 million ($15.3 mm) from ¥363 million in fiscal Q3, on a 41% improvement in sales to ¥19,188 million ($168.8 million) against ¥13,622 million.
Profits declined 58% in fiscal Q3 ended Dec. 31 to ¥85 million ($0.7 mm) from ¥200 million, on a 5% revenue gain to ¥10,638 million ($93.6 mm) from ¥10,100 million.