February 28, 2023
Results in the final quarter were in-line with the guidance provided in Jan., with net income dropping 91% to $1,728,000 from $19,906,000 on 13% lower revenues of $238,312,000 against $273,357,000, including a -13.2% comp.
The luxury outerwear brand’s net income grew by 23% last year to €606,697,000 ($638.0 mm) from €411,367,000 on 27% revenue growth to €2,602,890,000 ($2,737.0 mm) against €2,046,103,000, helped by a full year of Stone Island ownership.
KSS appointed 30-year retail vet Dave Alves as president and chief operating officer, effective in Apr., reporting to CEO Tom Kingsbury, who was tapped for the top post earlier this month.
Under Dog forged a multi-year partnership with the XFL and has been named a founding corporate partner of the league, expanding upon its earlier deal reached in Dec. in which it became the on-field uniform provider.
National Park recreational visits rebounded 11% to 13,462,776 in Jan. from 12,113,540 the year before in what is generally a fairly slow month, lapping last year’s 2% decline.