October 27, 2023 Newell Outdoor Swings to Q3 Loss
NWL’s Outdoor and Recreation segment revenues tumbled 20% (-21% constant currency) in the third quarter to $231 million from $289 million, generating an operating loss of $42 million against a profit of $6 million last year. Thule Q3 Results Buoyed by Europe
Net income skyrocketed 91% to SEK 262 million ($24.2 mm) in the third quarter against SEK 137 million, on revenues that grew 8% to SEK 2,311 million ($213.8 mm) from SEK 2,139 million, primarily driven by strong demand in Europe. Polygiene Reports Operating Loss on Lower Sales
Despite a 30% decline in third-quarter revenues to 28.7 million Swedish kroner ($2.7 mm) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. MEC Elevates Peter Hlynsky to CEO
Kingswood Capital-owned Mountain Equipment Company promoted its COO and CFO Peter Hlynsky to the top job, succeeding Eric Claus, who led the retailer’s transition from co-op to private company. Tanger Outlets Opens First Outlet Mall Since 2019
Tanger Outlets has opened a new outlet mall in Nashville, TN, its thirty seventh and first to open since before the pandemic hit four years ago. Etcetera: Fleet Feet, On Running, Sierra, Crocs, DPS Skis
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