The Eager Beavertons’ recognition of an expected $986 million recovery of IEEPA tariffs boosted net income fivefold to $1,069 million from $211 million in the final fiscal quarter ended May 31, as revenue dipped 1% to $10,972 million from $11,097 million, and would have been down 4% in constant currency.

The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$70,623,000 ($9.2 mm) for the fiscal year ending Mar. 31, doubling from HK$33,890,000, as revenues were off 3% to HK$607,140,000 ($78.9 mm) from HK$625,876,000.

The group has sold its remaining 51% stake in its Colt CZ Hungary joint venture to Hungarian state-owned company N7 Defence Holding Zrt, making N7 the sole owner of the former subsidiary.

Skechers denied that it’s using false infringement claims against the China-based medical scrubs company Wenzhou Zehui Clothing over the Cozy Fit mark and fired back with a series of counterclaims in CA district court.