January 31, 2024 Missing Yeezy Sales and ForEx Headwinds Send Adidas' Top Line Down 5%
The Big a said that reported revenues declined nearly 5% last year to €21,427 million ($23,164 mm) from €22,511 million, hurt by more than €1 billion in unfavorable currency movements and more than €450 million in missing Yeezy sales. Vista Outdoor Takes Big Impairment in Holiday Quarter
As plans to sell off its ammunition business move forward, VSTO’s $218.8 million charge for goodwill and intangibles impairment scuttled its fiscal third quarter ended Dec. 24, resulting in a net loss of $148,195,000 against income of $65,147,000 prior. Weak Igloo Sales Pull Down Dometic in Q4
The Swedish RV equipment company, which acquired Igloo in 2021, reported the brand’s lower cooler and drinkware sales contributed to a 14% decline in total revenue to SEK 5,327 million ($502.5 mm) in the final quarter from SEK 6,172 million. Connexa Raises $16.5 Million in Private Placement
Connexa Sports Technologies, the parent of Slinger Bag, sold 2,330,200 shares and warrants for another 25,169,800 shares to raise approximately $16.5 million, regaining compliance with Nasdaq’s minimum equity rule. Browning West Changes Tactics in Gildan Proxy War
Browning West mailed in another move in its correspondence chess match with the Gildan board, scrapping its special meeting request and putting its eight-director slate up for a vote at the May 28 annual meeting after the board announced both sessions would be held on the same day.
The cooler and drinkware maker has inked an agreement to acquire high-performance backpack company, Mystery Ranch, for undisclosed terms. Fanatics Commerce Bolsters C-Suite
The licensed apparel and collectibles juggernaut appointed three new executives to lead its Commerce division, which oversees the design, manufacture and sale of fan gear. Etcetera: Authentic Brands, Fanatics, Outtech, Patagonia
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