March 17, 2022
The bottom line swung back to black with a $14,411,000 profit in the final quarter, against last year’s $134,004,000 loss, on sales that were up 35% to $822,626,000 from $609,352,000.
Net income at the Chinese footwear maker soared to $90,838,000 last year from $1,064,000 prior, on 36% higher revenues of $1,540,608,000 up from $1,135,880,000, in line with the company’s pre-announcement in Jan.
The connected rowing machine company raised $55 million in a Series D round led by Constitution Capital with L Catterton, RX3 Ventures, Liberty Street, Activant Capital and Sandbridge Capital also participating.
The bike maker’s COO has been promoted to the top job, succeeding founder Mike Sinyard, who will step back from day to day control, but remain as chairman and “Chief Rider Advocate.”
Marking the second consecutive year of growth, tennis participants tallied 22.6 million, up approximately one million players from 2020, according to the yearly Physical Activity Council participation report from Sports Marketing Surveys.
The parent company of Kathmandu, Rip Curl, and Oboz began trading today under its new name KMD Brands, as a way to distinguish the holding company from the Kathmandu brand.
FN America is now recalling FN 502 Tactical .22LR pistols, after issuing a safety bulletin earlier this year.