July 28, 2022
VF’s bottom line dipped into the red in the fiscal first quarter ended June 30, with a $92 million non-cash pension charge contributing to a loss of $55,960,000 against income of $324,245,000 prior, as revenues expanded 3% (+7% constant currency) to $2,261,595,000 from $2,194,557,000.
VSTO announced the acquisition of Simms Fishing Products just before revealing its first quarter results, making for the second major deal—along with Fox Racing—since the end of the period.
Deckers’ net income slipped 7% to $44,849,000 from $48,124,000 in fiscal Q1 ended June 30 as revenues were up 22% to $614,461,000 from $504,678,000 with global direct-to-consumer across all brands up 15% and revenues outside the U.S. increasing 36% y-o-y.
Olin Corp.’s Winchester division saw sales for the second quarter increase 9% to $439.9 million from $404.0 million last year, driven by higher commercial ammunition pricing.
Net income more than doubled in the second quarter to SEK 17,178,000 ($1.7 mm) from SEK 8,297,000 at the Swedish maker of antimicrobial fabric treatments, as revenues inched up 1% to SEK 47,467,000 ($4.8 mm) from SEK 46,876,000.
The Australian footwear company that designs soccer boots specifically for women’s feet, convinced the judging panel with its “intriguing product focus and a plan for addressable market and business growth.”
Ryan Smith is suing The Big a in a proposed class action filed in NY federal court on behalf of consumers who were allegedly duped into believing they purchased the same type of jerseys worn on the ice by NHL players.
Clarus’ Black Diamond Equipment is recalling about 97,600 Pieps Pro BT, Powder BT, DSP Sport, DSP Pro, DSP Pro Ice, Micro BT Button, Micro BT Sensor and Micro BT Race avalanche transceivers.