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October 30, 2024 Columbia Sales Drop, but Margins are Improving
Net income slipped 13% in the third quarter to $90,157,000 from $103,508,000 on a 5% decline in revenues to $931,768,000 from $985,683,000, pulled down by weakness in North America and persistent warm weather. VF Corp. Targets 10% Margin Through “The VF Way”
Laying out medium-term goals at its 2024 investor day, CEO Bracken Darrell averred the Reinvent transformation program was well underway and already achieving milestones set out 15 months ago after he took VFC’s reins. Rocky Brands Sees Q3 Drop on Tough Comparison
Net income slipped 23% to $5,279,000 from $6,827,000 on sales that were down 9% to $114,554,000 from $125,614,000 as unfavorable weather impacted the outdoor segment and several military sales last year did not recur. Primaloft and Boa Sales Grow Double Digits at CODI
Three of the four Compass Diversified sporting goods brands grew sales last quarter, with 5.11 Tactical, Boa, and Primaloft improving and only Velocity Outdoor lower after divesting its airgun business earlier this year. Sturm, Ruger’s Profits Pressured by Low Margins
Net income slid 36% to $4,738,000 in the third quarter from $7,431,000 a year ago, but revenue stabilized after several quarters of declines, increasing 1% to $122,287,000 from $120,893,000.
GRMN’s Fitness and Outdoor segments posted substantial gains across the P&L for Q3, with Fitness seeing a 31% revenue gain to $463,887,000 from $352,976,000. MAP Active Turns in Solid Q3 Results
Net income attributable to shareholders at the Indonesian retailer grew 40% to IDR 514,713 million ($31.8 mm) in the third quarter from IDR 368,180 million last year, on a 25% increase in revenues to IDR 4,532,879 million ($280.3 mm), up from IDR 3,613,943 million. Hilco, TPG Form Consumer Brands Joint Venture
Hilco Global and TPG Angelo Gordon have come together with Bluestar Alliance in a new JV to finance or acquire consumer brands, with an initial investment in the Hurley, Justice, and Scotch & Soda owner. Mount to Coast Hires U.S. Country Manager
The ultrarunning and long-distance footwear specialist tapped Doug Rosenberg to lead the brand’s growth in wholesale channels as its U.S. country manager.
The firearms barrel manufacturer has acquired all assets of Marysville, WA-based ACRO Machine, adding its CNC machines and all fixtures, programs and intellectual property. Under Armour Sued Again Over Outlet Pricing
Under Dog was hit with a proposed class action suit in E. NY district court by Linda Rappaport accusing the company of deceptively advertising prices on merchandise for sale in its outlet stores and e-commerce outlet.
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