March 03, 2023 Hibbett’s Q4 Growth Powered by Footwear Rebound
The small town operator’s bottom line more than doubled in Q4 to $38,424,000 from $17,659,000 as sales grew 20% to $458,295,000 from $383,348,000, including a +15.5% comp, helped by a much better footwear inventory position against last year’s shortages. Grupo SBF’s Sales Jump, but Profits are Pressured
Net income was down 50% to BRL 140,666,000 ($26.8 mm) from BRL 288,477,000 on revenue that increased 18% to BRL 1,983,093,000 ($377.4 mm) from BRL 1,683,464,000. Amer Sports’ Sales Grew 30% Last Year
The Anta Sports controlled company saw Moody’s raise its corporate family and other ratings to B2 from B3, and change its outlook to stable from positive, after a strong year of growth helped by a rebound in China. Mainland Headwear Plans Mexico Factory
The Hong Kong-based headwear manufacturer will build a new factory and warehouse in Agua Prieta, Mexico, right across the border from Arizona, to serve the important U.S. market. Johnson Outdoors Sheds Eureka! Military and Commercial Tents
JOUT inked a definitive agreement to sell its Eureka! military and commercial tents segment to tent and structure specialist Rekord Group for undisclosed terms.
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