October 21, 2021 Crocs Has Huge Q3 despite Supply Chain Pressures
Net income surged 148% to $153,489,000 in the third quarter ended Sep. 30, from $61,889,000 last year on 72% revenue growth to $625,919,000 over $361,736,000, including 60% higher DTC sales at $316.3 million, and an 88% improvement in wholesale to $309.6 million, as both channels benefited from strong traffic. Winchester Sales Have Strong Momentum in Q3
Olin Corp.’s ammunition division nearly doubled sales to $400.0 million in the third quarter from $206.4 million last year, sending operating income up more that five-fold to $115.3 million compared to $21.0 million. Stella Sales Soar as Manufacturing Biz Recovers
Footwear maker Stella International Holdings, which makes higher-end sneakers as well as fashion and casual shoes, saw a 28% increase in revenues to $439.3 million from $344.5 million in the third quarter. China Dongxiang’s Kappa Sales Dip
Revenues at China Dongxiang Group’s Kappa retail stores, including its Kappa kids’ apparel business, declined mid-to-high-teens in the Sep. quarter. GSM Outdoors Buys Gary Yamamoto Custom Baits
The Gridiron Capital-backed hunting, shooting, and outdoor portfolio company added Gary Yamamoto Custom Baits, its first acquisition in the fishing category. Sequential Brands Finds Buyer for William Rast
The bankrupt licensing company now has another stalking horse bidder, WRBH Brands Group, which bid $1 million for the William Rast denim and sportswear brand. Etcetera: Genesco, Allbirds, Tilly’s, Puma, Bedrock Manufacturing, Topgolf
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