July 14, 2022 American Outdoor Brands Swings to Loss in Q4
AOUT ended its first full year as a standalone public company by taking a $67,849,000 goodwill impairment charge triggered by its declining market capitalization, which contributed to a net loss of $76,686,000 in the final fiscal quarter ended Apr. 30 against a profit of $1,248,000 last year. China Tariff Relief Outlook Remains Muddled
While possibilities for Section 301 tariff relief are developing on numerous fronts, there remain no clear answers cutting through the noise of Biden administration comments and the wheels of legislative and judicial action are turning at a slow clip, trade attorney David Cohen reported at an SFIA seminar. Rapala Results Weaken Lapping Pandemic Demand
Net income attributable to shareholders fell 49% in the first half to €8.7 million ($9.3 mm) from €17.0 million, as revenues slipped 7% to €148.4 million ($158.0 mm) €159.6 million as sales declined in every region. Stella Sees Double-Digit Gains in Q2
The footwear maker’s second quarter revenues increased 13% to $443.9 million from $392.1 million last year on strong order growth and higher selling prices. Asics Taps Three Accelerator Partners
The Japanese sportswear company chose three winning startups at a recent demo day, who will receive support from the Asics Accelerator Program including investment and collaboration. Talon Grips Acquires ArachniGRIP
The family-owned adhesive gun grip maker has acquired Arachnigrip for undisclosed terms.
Westfield Outdoor is recalling about 6,000 camping tents following reports of the stove jack ring deteriorating when exposed to high temperatures from contact with a stove pipe. CPSC Recall: Tony Hawk Helmets
Sakar International is recalling about 13,000 Tony Hawk silver multi-purpose helmets because they can fail to protect in the event of a crash, posing a risk of head injury. Etcetera: Nautilus, Outlast, iRayUSA, Garmin, Puma
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