July 26, 2023
A strong international performance in the second quarter more than offset lower sales in the U.S., as net income slipped 35% to €55.0 million ($59.8 mm) from €84.3 million, on a 6% revenue improvement to €2,120.7 million ($2,307.6 mm) from €2,002.0 million that would have been up 11% constant currency.
Net income tumbled 54% to $58,100,000 in the fiscal first quarter ended June 25, from $126,015,000 last year, as sales dropped 14% to $693,333,000 down from $802,612,000.
First half net income declined 31% to €145,351,000 ($158.2 mm) from €211,254,000 on revenues that were up 24% to €1,136,590,000 ($1,236 mm) from €918,374,000, hitting the billion Euro mark in H1 for the first time.
Net income at the Indonesian retailer improved 26% to IDR 386,399 million ($25.8 mm) in the second quarter from IDR 307,399 million, on 37% higher revenues of IDR 3,246,080 ($216.4 mm), up from IDR 2,375,486 million.
Authentic Brands Group received approval from a DE bankruptcy court judge for its $45 million bid for the assets of Rockport Co., adding to its growing portfolio of footwear brands that includes Hunter, Airwalk, and of course former Rockport owner, Reebok.
Just two days after naming Chris Blakeslee to lead Athleta, parent Gap, Inc. appointed Richard Dickson to take the reigns from interim CEO Bob Martin, effective Aug. 22.
The licensed apparel and collectibles juggernaut launched its livestreamed shopping market platform for collectibles and trading cards in North America on Apple devices, with web and Android support coming online later this year.