Smith & Wesson Doubles Sales in Dec. Quarter
Net income in the fiscal third quarter ended Jan. 31 increased more than ten-fold to $62,390,000 from $5,731,000 as sales increased 102% to $257,634,000 from $127,416,000 in SWBI’s first full quarter since the American Outdoor Brands spinoff.
Sales at GPS’ women’s activewear banner increased 29% to $371 million in the final quarter ended Feb. 1 from $288 million, including a +26% comp that was boosted by new product launches in sleepwear and extending inclusive sizing.
Manchester United’s commercial revenues were off 11% to £62.6 million ($82.7 mm) in its fiscal second quarter ended Dec. 31, from £70.6 million the year before.
CODI upped its offering of senior unsecured notes due 2029 to $1 billion from $750 million, and priced the 5.250% notes at an issue price of 100%.
Osprey claims that Aether is violating a two-year-old trademark coexistence agreement between the companies in which it agreed not to use the Aether mark on backpacks.