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February 08, 2024


Under Armour Raises Earnings Guidance despite Wholesale Headwinds

Net income declined 6% to $114,143,000 from $121,617,000 in the fiscal third quarter ended Dec. 31, and revenues were down by the same percentage, coming in at $1,486,095,000 against $1,581,781,000.

Mizuno Net Soars on Double-Digit Sales Gains

Profits jumped 154% in the fiscal third quarter ended Dec. 31 to ¥3,540 million ($24.0 mm) from ¥1,393 million, as revenues climbed 11% higher to ¥53,540 million ($362.2 mm) from ¥48,198 million, with growth in all regions.

Alpargatas Posts Big Loss on Impairment Charge

A huge goodwill impairment charge for Rothy’s and Ioasys sent the bottom line deep into the red, with a net loss of BRL 1,606.2 million ($324.3 mm) against a loss of BRL 21.0 million in the prior year as revenue dipped 9% to BRL 1,009.2 million ($203.8 mm) from BRL 1,103.4 million.

Ammo, Inc.’s Cost Cutting Pays Off

Net loss narrowed 60% to $1,643,989 from $4,102,992 for the fiscal third quarter on revenue that was down 7% to $36,006,464 from $38,711,494.

Alpen First Half Profits Slip Lower

Net income dropped 70% to ¥945 million ($6.4 mm) from ¥3,123 million in the fiscal first half ended Dec. 31 on revenues that increased 2% to ¥122,401 ($828.0 mm) from ¥120,258 million.

Yonex Results Increase in FQ3

Net income soared 70% in fiscal Q3 ended Dec. 31 to ¥1,883 million ($12.7 mm) from ¥1,108 million on 7% lower revenue of ¥27,447 million ($185.7 mm) against ¥29,540 million.

Mips Profits Decline In Final Quarter

The Swedish helmet technology company’s Q4 net income dropped 15% (-13% CC) to SEK 16 million ($1.5 mm) from SEK 19 million, lapping a 76% decline, on net sales also down 15% to 91 SEK ($8.5 mm) from 107 SEK.

Puma Names Julie Legrand to Lead Global Brand Strategy

The Big Cat appointed Julie Legrand as senior director global brand strategy, following Puma’s decision last June, to reorganize its global brand management and marketing operations and relocate them from Boston to its Herzogenaurach headquarters in Germany.

Hanesbrands will Shutter NC Distribution Center

HBI will lay off 159 employees in Apr., when it suspends operations at its Annapolis distribution center, according to a WARN notice filed with the state.

Etcetera: Adidas, Outdoor Master, Mammut

 
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