January 29, 2025 VF Corp. Benefits from Turnaround as TNF and Timby Outperform
Net income was $167,780,000 in fiscal Q3 ended Dec. 31 against a loss of $42,452,000 a year ago, lapping a hefty impairment charge, as revenues grew by 2% to $2,833,912,000 from $2,780,194,000, ahead of guidance and helped by strong seasonal sales of The North Face and Timberland. Puma’s Talks Up “Nextlevel” Plan
The Big Cat looked to shore up investor confidence over its preliminary FY '24 results with a conference call to put the mixed P&L performance in context with its current brand-building strategies and add further color to its new "nextlevel" efforts to boost EBIT. Newell’s SEC Distribution Plan Moves Forward
The Securities and Exchange Commission approved the plan for distributing the $12.6 million fine that respondents NWL and its former CEO, Michael Polk, agreed to pay in Sep., 2023. Riddell Sues Former Sales Rep over Trade Secrets
Riddell filed suit in W. TX district court against former sales rep Charles Claxton, ASB Sports (dba Game One) and its subsidiary Athletic Supply, claiming Claxton breached his contract after he left the company and misused confidential company information in an effort to target the protective gear maker’s customers. Etcetera: REI, Core Health & Fitness, Athleta, New Balance
|