Nearing breakeven in the second quarter, AS’ net loss was down 98% to $1.8 million from $97.0 million on revenue that increased 16% to $994.0 million for the second quarter, helped by lower financial costs and a $51.9 million tax benefit.

Net income increased 13% in the first half to RMB 752,065,000 ($103.9 mm) from RMB 665,417,000 as the top line hit RMB 7,203,158,000 ($994.9 mm), a 10% improvement from RMB 6,522,437,000 last year.

Rip Curl, Kathmandu and Oboz all posted sequential gains in the final fiscal quarter ended July 31, narrowing sales declines to single digits across KMD Brands’ portfolio, where overall sales dipped 5.0%.

The ski and bicycle brand removed the temporary tag from interim CEO Juwon Kim and elevated 34-year Scott vet, Pascal Ducrot, as co-CEO, following the dramatic departure of long-serving CEO Beat Zaugg, who was dismissed in March.

Topgolf Callaway was placed under review for a possible downgrade by the ratings agency, as it looks for strategic alternatives for the Topgolf business, which has turned in disappointing comps over the past few quarters.

GPRO will cut its global workforce by about 15% beginning in the third quarter in line with its previously announced intentions to reduce operating expenses by roughly $50 million annually.