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February 01, 2024 Skechers Gains despite More Wholesale Woes
Net income improved 15% to $87,182,000 in the fourth quarter from $75,515,000 on sales that were up 4% to $1,960,940,000 over $1,878,785,000, led by a 7% boost to the international top line at $1,248.0 million while U.S. sales inched up 0.3% to $712.9 million. Deckers Raises Guidance, Teases New Super Sneaker Brand
Net income shot up 37% in the fiscal third quarter ended Dec. 31 to $396,996,000 from $290,748,000 on a 16% increase in revenue to a record $1,560,307,000 against $1,345,640,000 driven by gains at Ugg and Hoka. Columbia Sees Challenging 2024, Sets Profit and Growth Plan
With a warm winter and a difficult U.S. marketplace to contend with in its seasonally strong final quarter of the year, Columbia Sportswear reported a 27% drop in operating income to $113.1 million from $155.4 million and a 9% decline in total revenues to $1.06 billion from $1.17 billion for the period ended Dec. 31. Peloton Interactive Disappoints despite Some Clear Gains
Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700-$725 million, below average market guidance of $755.6 million and 3% to 6% below the year ago quarter’s $749.0 million. Canada Goose Sees Asian Growth Offset North America
Net income ticked down 4% to C$131.4 million ($96.5 mm) from $137.5 million on revenue up 6% to C$609.9 million over $675.7 million (C$448.1 mm) for the fiscal third quarter. Amer Sports IPO Priced Below Range
AS went out at $13 per share Thursday morning, below the indicated range in its prospectus of $16 to $18 per share, implying a market cap of about $6.3 billion. Unifi Loss Widens in Fiscal Q2
The red ink deepened at the recycled and synthetic yarn maker to $19,846,000 in the fiscal second quarter ended Dec. 31 from a loss of $18,037,000 last year, on 1% higher revenues of $136,917,000 from $136,212,000. Crocs Sets President Succession
The clogmaker will elevate Anne Mehlman, EVP and CFO, to succeed the retiring Michelle Poole as EVP and president of the Crocs brand. Lululemon Launches Men’s Footwear
The lulunatics are expanding their footwear offerings with new casual and performance styles and the brand’s first men’s collection, set to launch on Feb. 13. TaylorMade Sues over Club Patents
The golf equipment maker filed suit against Costco and Southern California Design Company (dba Indi Golf) in S. CA district court accusing them of infringing on TaylorMade’s P790 irons and patents. CPSC Recalls: Bikes, Brake Levers, Stems and Dumbbells
Flat River Group is recalling about 22,700 NextGen children’s bicycles because they don’t meet U.S. safety standards, and will issue a full refund to owners.
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