June 14, 2023
Net loss expanded to $3,708,191 from a loss of $238,286 on revenues that were down 38% to $43,683,722 from $70,101,563 for the fiscal fourth quarter ended Mar. 31.
As distribution strategies at Nike, Adidas and Under Armour swing back towards wholesale, SKX told investors at the Evercore ISI Consumer & Retail Conference that it has always favored broader distribution across channels.
With labor disruptions now becoming more common at U.S. West Coast ports, longshoreman’s union members north of the border have gone a step further and authorized a strike at the Port of Vancouver.
The Big Cat is relocating its global marketing team, effective Jul. 1, from the U.S. to its Herzogenaurach HQ in Germany and reorganizing it as it aims to drive brand elevation and facilitate a faster decision-making process.
The ratings agency believes CAL will be able to maintain its adjusted leverage in the low- to mid-2x range helped by stabilizing margins despite weaker revenue growth this year.