May 19, 2022
Net income slipped 10% in the fiscal fourth quarter ended Mar. 31 to $80,842,000 from $89,520,000 last year, on revenues that were 9% higher at $2,824,664,000 up from $2,582,672,000, driven by a huge gain from The North Face.
Net income rose 106% to $68,819,000 from $33,458,000 for the three months ended Mar. 31 as total revenues grew 31% to $736,007,000 from $561,188,000, driven by a big jump from Hoka.
Kohl’s called out active and outdoor apparel as bright spots in an otherwise down quarter, helped by repositioning those categories to the front of the store, and better allocations from key brands.
The bottom line swung to a C$9.1 million ($7.2 mm) loss from C$2.5 million in income on revenues that were up 7% to C$223.1 million ($176.2 mm) over C$208.8 million for the fiscal fourth quarter ended Apr. 3, and would have been up 24% looking at comparable weeks.
Pelican International has entered the growing outdoor and camping market by acquiring a majority stake in outdoor hydration and cookware maker GSI Outdoors, its third acquisition since 2019.
DGL Group is recalling about 93,000 Hover-1 Superfly Hoverboards because a software malfunction can allow the motor to keep running even when the rider is not actively controlling the hoverboard.