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May 23, 2024 Breaking: Gildan Board and CEO Resign, Effective Immediately
In a sudden capitulation to former CEO Glenn Chamandy and his activist backers led by Browning West, the entire GIL board and president and CEO Vince Tyra have stepped down, as of the end of business today. Deckers Ends FY24 with New Sales Record
Keeping up its momentum in the final fiscal quarter ended Mar. 31, the Hoka and Ugg parent’s net income jumped 28% to $119,186,000 from $93,028,000 as revenues increased 21% to $959,758,000 from $791,571,000. Shoe Carnival Get Q1 Lift from Rogan’s
Net income was up 5% to $17,286,000 from $16,526,000 on net sales growth of 7% to $300,365,000 from $281,184,000 for the first quarter ended May 4 on an improving Shoe Carnival banner along with growth at Shoe Station and contributions from Rogan’s, acquired in mid-Feb. Colt CZ’s Sales Jump to Start the Year
Net income declined 48% to CZK 303,263,000 ($13.4 mm) from CZK 587,819,000 for the first quarter while sales increased 22% to a record CZK 3,667,086,000 ($161.9 mm) over CZK 3,012,556,000 as all channels and regions reported growth except for Africa. Under Armour’s Outlook Seen as Credit Negative by Moody’s
The rating agency called Under Dog’s weak FY 2025 outlook credit negative but said that has no immediate impact on its Ba2 rating or its stable outlook due to this being a transitional year. Modell’s Settles with Liquidation Trustee
The U.S. Bankruptcy Court for the District of NJ approved the $22.7 million settlement reached in Apr., between the trustee in charge of liquidating bankrupt Modell’s Sporting Goods, former CEO Mitch Modell and former CFO Eric Spiel, along with holding company Henry Modell & Co., and a number of affiliated real estate entities. Etcetera: Dick’s, Gearhead Outfitters
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