February 06, 2023
Net income more than doubled to ¥5,040 million ($35.6 mm) in the fiscal third quarter ended Dec. 31, against ¥2,465 million prior, on revenues that grew by 8% to ¥28,889 million ($204.3 mm) from ¥26,755 million.
Both Moody’s and S&P Global dinged HBI following its weak Q4 results reported last week, despite the announcement that it was suspending its dividend, a move that ratings agencies normally applaud.
The ratings agency cut WWW’s corporate family rating to Ba3 from Ba2, and lowered its rating on the company’s senior unsecured notes to B1 from Ba3, with a negative outlook.
The Italian luxury group has acquired a minority stake in Canadian technical trail running shoe brand, Norda Run with the option to gradually increase its stake over the next nine years.
Workers at the outdoor co-op’s Beachwood, OH, store will decide whether to join the Retail, Wholesale, and Department Store Union, in a vote set for Mar. 3.
The custom apparel and gear software and fulfillment platform, appointed former Capital One and VistaPrint exec, George Overholser as its new CEO.
The True Spec Golf subsidiary filed a complaint with the International Trade Commission seeking to block the importation of golf shaft adaptors that it says infringe on its products.