November 21, 2024 Shoe Carnival Sales Drop on Weather, Calendar
Net income fell 12% to $19,242,000 in the third quarter against $21,861,000 on revenues that dipped 4% to $306,885,000 from $319,914,000, hurt by $20 million in sales pulled forward into Q2 by the calendar shift. Colt CZ Group Soars on Added Ammo Sales
Recently acquired Sellier & Bellot gave a big boost to the Czech firearms maker’s top line, which increased 73% in the third quarter to CZK 5,281,880,000 ($230.3 mm) from CZK 3,050,310,000 last year. JD Sports’ U.S. Business Pressured in Q3
The Finish Line and Hibbett parent said that North American sales softened in the third quarter ended Nov. 2, comping down 1.5%, though total organic revenues grew by 5.9% here.
Sales at Gap, Inc.’s women’s activewear banner increased 4% in the third quarter to $290 million from $279 million, including a +5% comp, bouncing back after seven quarters of struggles. Report: On Running Courting Golden Goose
The managements of On Holding and luxury sneaker brand Golden Goose have met, triggering speculation that the Swiss group could buy the Italian company, according to Il Sole 24 Ore.
GIL is offering a private placement of C$700 million aggregate principal amount of senior unsecured notes in two tranches, C$500 million due in 2029 and C$200 million due in 2031. Topgolf Callaway Downgraded by S&P Global
The rating agency said that it expects MODG’s 6x adjusted leverage to remain near that level for the next 12 months, leading it to lower its issuer credit rating and issue-level rating on the company’s $1.1 billion term loan to B from B+.
The substitute leather maker has secured a €15 million ($15.7 mm) funding round from a group of investors, including Kindred Ventures, Cap Horn, BPI, and Sake Bosch. Outdoor Recreation Contributed $639.5 Billion to GDP Last Year
A new Bureau of Economic Analysis report found that the outdoor recreation economy accounted for 2.3%, or $639.5 billion, of gross domestic product last year, up 3.6% from 2022. Lululemon Faces Slew of Derivative Shareholder Suits
The Lulunatics were hit with four more proposed shareholder class action suits filed in S. NY district court naming CEO Calvin McDonald, CFO Meghan Frank, and several directors as defendants. CPSC Recalls: Nerf Helmets, Segway Scooters
Todson is recalling about 6,500 Nerf Barrage youth bike helmets because their retention system doesn’t meet the mandatory federal safety requirements for bicycle helmets. Etcetera: Ugg, Topgolf, Helly Hansen
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