April 12, 2022
The bottom line rebounded to net income of $97,661,000 from a loss of $34,035,000 in the pandemic year, as revenues jumped 36% to $3,739,259,000 from $2,754,714,000 helped by the booming enthusiasm for outdoor activities.
Total sports equipment, apparel, licensed merchandise and footwear sales hit $111,697 million in 2021, up 16% over the prior year and 17% over 2019, according to the new Sports & Fitness Industry Association’s 2022 Manufacturers’ Sales by Category Report.
Two volleys were fired at the start of the week in the battle for Kohl’s boardroom as new bidders have reportedly entered the fray and KSS management lashed out at activist investor Macellum’s director picks ahead of the May 11 annual meeting.
DLA expects revenues to come in at about $130 million in its fiscal second quarter ended Apr. 2, up 20% from $108.6 million last year, including double-digit gains from Delta Group and Salt Life Group.
The subsidiary of Swiss-based RUAG Ammotec has relocated to Atlanta, GA, establishing its U.S. headquarters, manufacturing site, and warehousing and distribution operations there.
HIBB modified its unsecured credit agreement with Regions Bank that expires July 9, 2026 to expand the limit to $125 million from $100 million, with all covenants remaining unchanged.
The son of T&C Surf founder Craig Sugihara will take the reins from his father after more than two decades serving in various roles at the company, most recently as vice president.
The fitness, health and rehabilitation equipment maker says that LifeCORE fitness is infringing on its patents no. 9,039,580, 10,561,884, and 10,799,745 for non-powered treadmills which allow users to control their speed without the use of any motor.