May 24, 2023
Net income decreased 39% to $16,526,000 in the first quarter from $26,897,000 last year on revenue that was down 11% to $281,184,000 from $317,527,000, with total comps down 11.9%, though the Shoe Station banner was down just mid-singles.
The mass merchant said that sales of active apparel returned to year-over-year growth in the first quarter, after a Q4 that saw national brands down high-single digits.
Net income increased 8% in the first quarter to CZK 587,819,000 ($26.5 mm) from CZK 544,730,000 last year, but the top line declined 15% to CZK 3,012,556,000 ($135.9 mm) from CZK 3,553,557,000 on a 25% drop in U.S. sales.
Making another move into the collectibles market after purchasing Topps last year for a reported $500 million, Fanatics has now acquired collectibles auction company PWCC, for undisclosed terms.
Lids elevated 13-year company veteran, Bob Durda as president of the licensed and branded sportswear retailer, where he’ll be responsible for driving international growth.
Hydrow adds president to the role of CFO John Stellato, where he’ll continue to run finances for the connected rowing machine company, and take on a larger role as it prepares for the next stage of growth.
After two months of double-digit growth, recreational visits to National Parks declined 5% in Apr. to 24,365,410 from 25,596,156, but eked out a 1% year-to-date increase to 75,003,391 from 73,996,169.