April 28, 2022
First quarter net income rose 20% to $66,837,000 from $55,900,000 as total sales increased 22% to $761,510,000 against $625,606,000 for the period ended March 31.
Fenix Outdoor’s wholesale branded segment revenue, for Fjällräven, Tierra, Royal Robbins and other brands, was up 25% in the first quarter to €47.0 million ($53.8 mm) led by the U.S., South Korea, U.K., Benelux and the Czech Republic.
The Olin Corp.-owned ammunition maker saw sales growth decelerate in the first quarter to 10% year-over-year, down sequentially from 15% in Q4 ’21, and well off its 71% gain for all of last year.
Net income slipped 57% in the fiscal third quarter ended Mar. 27 to $2,066,000 from $4,758,000 at the synthetic yarn producer, on 12% higher revenues of $200,780,000 up from $178,866,000.
Net sales were up 8% to 45.1 million Swedish kronor ($4.8 mm) at the antimicrobial fabric treatment company, as stable textile demand offset supply chain issues exacerbated by Chinese lockdowns.
Marking the end of a 12-year partnership, the Singapore-based distribution company for consumer and lifestyle products has divested its owned and operated Nike-only retail stores in Singapore and Malaysia to GMG for undisclosed terms.
Gun imports growth slowed towards the end of the year, and that trend continued in Jan., with handgun imports inching 1% lower to 334,233 units as a slight gain in pistols was not enough to offset the 21% decline in revolvers, according to ITC data compiled by the NSSF.
The Sports & Fitness Industry Association is one of over 200 signatories on a letter to House and Senate leaders urging the Miscellaneous Tariff Bill be included in the final version of trade legislation working through conference committee based on the House’s America COMPETES Act and Senate’s United States Innovation and Competition Act.
According to the 2022 Circular Fashion Index from management consulting firm Kearney, Patagonia, Levi’s and The North Face were the only three brands that achieved a score of at least eight out of 10 for their investments in sustainability and efforts to extend the life cycle of their apparel.
National park recreational visits were up 6% last month to 19,473,630 from 18,327,894 and are up 8% year-to-date to 43,997,732 up from 41,907,429.