June 28, 2023
Net loss for the fiscal fourth quarter ended Apr. 30 narrowed to $3,836,000 from a loss of $76,686,000 last year that included a goodwill impairment charge of $67.8 million, as sales dropped 8% to $42,203,000 from $45,893,000.
The struggling bike and tennis e-tailer’s net sales dropped 23% in the second quarter ended Mar. 31 to €195.3 million ($209.5 mm) from €255.2 million a year ago, while adjusted EBITDA loss nearly quadrupled to €59.1 million ($63.4 mm) from a loss of €15.1 million.
Under Dog’s chief operating officer and former interim CEO, Colin Browne will depart this fall after seven years at the company, as part of the “Protect This House 3” turnaround plan introduced by new CEO, Stephanie Linnartz on UA’s Q1 earnings call.
The licensed apparel juggernaut has upped its offer to $225 million from $150 million to acquire PointsBet’s U.S. assets, in an effort to outbid rival DraftKings, which made a non-binding offer of $195 million earlier this month.
The Czech parent of Colt, CZ and other shooting sports brands has acquired Swiss ammunition maker SwissAA, as part of its long-term strategy to grow the small arms segment and boost sales to the military and law enforcement market.
The Delaware Department of Justice is investigating the retailer after a half-million rounds of ammunition were stolen from its Christiana store in less than a year, according to multiple local media reports.