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August 23, 2022 Dick’s Narrows Guidance after Sequential Improvement
A better than expected 5.1% comp sales decline combined with total revenues that were off 5% to $3,112,419,000 in the second quarter from $3,274,842,000, led DKS to narrow its full-year guidance as it now expects sales to drop less than previously expected. Caleres Profits Rise, But Sales Drop at Famous
Net income was up 37% to $51,178,000 from $37,396,000 on revenue that increased 9% to $738,330,000 from $675,531,000, but Famous Footwear revenues ticked down 4% to $436,375,000 from the prior year’s all-time record $453,649,000. Anta H1 Sales Grow Double Digits despite Lockdowns
Anta Sports Products’ net income attributable to shareholders slipped 7% to RMB 3,588 million ($542.3 mm) in the first half, from RMB 3,840 million last year, on a 14% increase in first half revenues to RMB 25,965 million ($3,924.6 mm) from RMB 22,812 million. Xtep Results Soar in First Half
Net income at the Chinese sportswear brand increased 40% to RMB 589.1 million ($89.0 mm) from RMB 421.7 million on revenue that was up 37% to RMB 5,683.6 million ($859.1 mm) from RMB 4,134.9 million. 361 Degrees Sales and Profits Grow Double Digits
The Chinese sportswear brand’s net income attributable to shareholders increased 37% to RMB 550.9 million ($83.3 mm) in the first half from RMB 401.4 million, as revenues grew 18% to RMB 3,653.8 million ($552.3 mm) from RMB 3,107.1 million. Simms Fishing Products Acquisition Closes
Vista Outdoor completed its acquisition of Bozeman, MT-based Simms Fishing Products for $192.5 million, which includes roughly $20 million in future tax benefits, and is expected to add approximately $110 million in net sales. Lululemon D.C. Store Staff Drops Petition to Unionize
The workers at a Lululemon store in Washington D.C. who had filed a request with the National Labor Relations Board in July to hold a union election have now withdrawn their petition, according to NLRB records.
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