October 26, 2023 Skechers Earnings Jump as DTC Drives Sales
Net income shot up 69% to $145,415,000 from $85,886,000 in the third quarter on 8% higher revenues of $2,024,958,000 over $1,878,367,000, as domestic sales’ +6% performance to $794.6 million was joined by a 9% increase in international to $1,230.4 million. Deckers Soars in Sep. Quarter, but Sanuk Heads to the Block
The bottom line nearly doubled to $176,430,000 from $89,083,000 in fiscal Q2 ended Sep. 30, on a 25% jump in revenues to a record $1,091,907,000 from $875,614,000 that included high-20s gains from both Hoka and Ugg. Columbia Lowers FY23 Outlook Slightly, Braces for Challenging Spring
Columbia Sportswear, despite making strides in its ongoing inventory reduction program and improving its quarterly gross margin by 70 basis points to 48.7%, reported a 7% decline in Q3 net income to $103.5 million from $111.8 million. Americas Weakness Holds Moncler Sales Growth to Just 5% in Q3
Total sales were up 5% (+7% CC) to €669.7 million ($728.7 mm) from €638.3 million for the third quarter, including 6% growth from the Moncler brand were to €561.2 million, while Stone Island dipped 1% to €108.5 million. Escalade Profits Grow on Lower Top Line
Net income improved by 45% to $4,275,000 in the third quarter from $2,958,000 last year helped by significantly improved product margins, as revenues slipped 2% to $73,358,000 from $74,904,000. Manchester United Retail Sales Improve in Final Quarter
ManU’s commercial revenue grew 6% to £67.4 million ($73.3 mm) in the final fiscal quarter ended June 30, as retail, merchandising, apparel & product licensing inched up 3% to £27.1 million ($29.5 mm), driven by more home match days throughout the year.
Revenues at Olin Corp.’s ammunition segment dipped 8% to $380.2 million in the third quarter from $414.1 million prior, as lower commercial sales more than offset growth in the domestic and international military segment. Arbor Snowboarding Shuffles Sales, Marketing, and Product Teams
The action sports brand is bolstering its sales, marketing and product teams with several new hires and promotions. Boardriders Lays Off 84 in California
Following the completion of its acquisition by Authentic Brands Group, Boardriders is permanently laying-off 84 employees, including eliminating some C-suite positions, according to a WARN notice filed in CA. Etcetera: Under Armour, Pikkl, Krimson Klover, Martha Headwear, Mitre, Fanatics, MycoWorks
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