Finishing up a year of restructuring that included the divestiture of several brands, WWW CEO Chris Hufnagel touted the progress that’s already been made towards putting the company on a more solid footing for future growth.

GIL didn’t comment on the ongoing proxy battle for the company’s board, as it reported 83% higher net income of $153.3 million in the final quarter against $83.9 million on a 9% increase in sales to $782.7 million from $720.0 million.

Fitness sales for the fourth quarter were up 22% to $412,076,000 from $336,553,000 with growth in all categories, led by strong wearables demand.

Net loss in the fiscal third quarter ended Dec. 31 tripled to $34,339,000 from a loss of $11,082,000 prior, pulled down by weak operating results and a $20.9 million goodwill and asset impairment charge on property and right of use assets.

The complaint was filed in PA district court by the Plumbers and Pipefitters Local Union No. 719 Pension Trust Fund on behalf of shareholders, accusing DKS, Edward Stack (executive chairman), Navdeep Gupta (CFO) and Lauren Hobart (president and CEO) of making misleading statements that artificially inflated the company’s stock.

A CA federal judge dismissed World Champ Tech’s suit that claimed PTON was infringing on its Bike+ mark with Peloton Bike+.