Nine digits of one-time charges and restructuring costs torpedoed Under Dog’s bottom line in the third quarter, which otherwise marked decent progress on the ongoing turnaround, leading it to raise full-year guidance slightly. The net loss was $430,827,000, compared with a small profit of $1,234,000 a year ago, as revenues declined 5% to $1,327,761,000 from $1,401,039,000. Excluding the extraordinary impacts below the line, adjusted net income was $36.9 million, up 5% from $35.0 million a year ago.
CEO Kevin Plank tallied up recent senior executive changes, touting a renewed focus on product ... Log in to view full article.