May 31, 2022
The bottom line plunged 81% to $1,998,000 in the first quarter from $10,450,000 last year, on a 5% decline in revenues to $309,505,000 from $326,992,000, including an 11.6% drop in same store sales.
Net income attributable to shareholders slipped 12% in the fiscal year ended Feb. 28 to RMB 2,446.5 million ($379.4 mm) from RMB 2,770.1 million, on 11% lower revenues of RMB 31,876.5 million ($4,942.9 mm), down from RMB 36,009.0 million.
S&P Global acknowledged that Big Foot’s revenue and margins will take a hit from lower Nike sales, but still affirmed its BB+ issuer credit rating and stable outlook.
Five V Capital has signed an agreement to become the majority shareholder of Sea to Summit, as it looks to accelerate the Australian outdoor equipment company’s global growth.
Specialty lacrosse e-tailer Lax.com has acquired Zimagear, the apparel and custom uniform supplier, bolstering its design and sales team.
The Champion parent revealed in an SEC filing that it had been hit with a ransomware attack, but said that it was too early to say if the attack would have a material effect on business.
Elevate Outdoor Collective is recalling about 9,450 Backcountry Access Tracker4 avalanche transceivers because a plastics production issue may result in a switch falling off.