August 01, 2022 Bullet Biz Powers Clarus’ Q2 Gains
Net income more than doubled to $3,764,000 in the second quarter from $1,840,000 last year, as revenues jumped 57% to $114,933,000 from $73,309,000, including 22% organic sales growth and an additional $22.8 million from Rhino-Rack and $4.3 million from Maxtrax. Under Armour Agrees to Pay $67.5 Million to Settle UCLA Suit
Under Dog and UCLA have settled dueling lawsuits in CA state court over the early termination of the 15-year $280 million sponsorship and UA will pay the school more than $67 million.
The U.K. parent of Finish Line and other banners has contracted to sell Footasylum and its associated subsidiaries to European PE firm, Aurelius Group for £37.5 million ($46.0 mm). Pou Sheng Issues Revenue, Profit Warning
Yue Yuen’s Chinese retail subsidiary warned that its H1 revenues would be down about 25% to RMB 9,865 million ($1,554 mm) from RMB 13,074 million, and that net income would be just above breakeven at RMB 17 million ($2.7 mm), a 97% plunge from RMB 636 million. Etcetera: Li Ning, Foot Locker
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