February 22, 2024 New Balance Sales Jumped 23% Last Year
While not surprising given its recent brand heat called out by Foot Locker, StockX and other retailers, New Balance handily outperformed its larger rivals with a 23% revenue increase to $6.5 billion. Rebel Sales Slip Down Under, but SRG’s Outdoor Banners Grow
Rebel Sports posted sales of A$672.9 million ($438.1 mm) for the fiscal first half ended Dec. 30, down 1% from A$681.9 million, as comps declined 2.6% on lower units per transaction. Fox Factory Adds Marucci, but Bike Sales Tumble
Net income was slashed 92% to $4,051,000 from $52,959,000 on net sales down 19% to $322,495,000 from $408,641,000 as impacts from the United Auto Workers strike hit both ends of the P&L. Sturm, Ruger’s Revenues Slide to End 2023
Net income was down 46% in the final quarter to $10,249,000 from $18,954,000, on 12% lower sales of $130,617,000 compared to $149,224,000, lapping an 11% decline in Q4 of 2022. Gymshark’s Clearance Sales Weigh on Profits
The U.K.-based activewear brand’s profits dwindled 55% to £10,191,000 ($12.7 mm) for the fiscal year ended July 31, 2023, from £22,529,000 prior, despite 15% higher revenues of £556,216,000 ($691.0 mm) against £484,476,000. Globe International Bounces Back
The bottom line swung to A$4,907,000 ($3.2 mm) in profit for the fiscal first half ended Dec. 31, from the prior year’s A$193,000 loss, despite revenue that was down 10% to A$107,960,000 ($70.3 mm) from A$120,452,000. CPSC Recall: Biometric Gun Safes
Four companies have issued recalls for biometric gun safes because a programming flaw in the biometric lock can allow it to be opened by unauthorized users. Etcetera: Unifi, Skechers, Liberty Ammunition, Newell
|