The bottom line swung to negative $305,426,000 from last year’s profit $10,010,000 on sales down 10% to $1,183,665,000 from $1,316,965,000 for the fiscal first quarter, with the top line beating guidance in the midst of the overhaul strategy while net loss piled up on $274 million in litigation reserve expense and $25 million in restructuring charges.

After posting net income growth of 32% to $50,396,000 versus $38,071,000 in Q2 ended June 29, the outdoor products company raised its FY24 outlook.

Sales at Canadian Tire’s sporting goods chains dropped 4% to C$441.7 million ($322.4 mm) from C$461.0 million in the second quarter, including a 0.9% negative comp.

Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio.

Net loss attributable to shareholders of the Gunbroker parent expanded to $7,835,419 in the fiscal first quarter ended June 30 from a loss of $1,867,165 prior, on 10% lower revenues of $30,953,550 from $34,254,575.

Retailers stocking up to avoid disruptions ahead of a potential strike at East Coast and Gulf Coast ports this fall could see a near-record surge this month as contract talks have stalled, according the NRF and Hackett Associates’ Global Port Tracker.

A MA district court judge granted six of the eight gunmakers’ motion to dismiss the Mexican government’s $10 billion lawsuit stemming from the companies’ business transactions in MA.