Having found a buyer for Jack Wolfskin and still working to sell or spin off Topgolf later this year, MODG’s Q1 total profits slipped 68% to $2.1 million from $6.5 million, on 5% lower revenues of $1,092.3 million against $1,144.2 million, with all segments down.

Word of a 90-day thawing out in the U.S.-China trade war sent markets up Monday morning as the reciprocal triple-digit levies are set to roll back on Wednesday, though analysts remain uncertain about how talks will play out over the next three months.

The Solo Stove and Chubbies parent reiterated its going concern warning in reporting another difficult quarter, with net loss attributable to shareholders expanding to $12,192,000 in Q1 from a loss of $3,374,000 on 9% lower revenues of $77,252,000 against $85,324,000.

Net loss narrowed at the action camera maker to $46,709,000 in the first quarter from a loss of $339,088,000 on revenues that were down 14% to $134,308,000 compared to $155,469,000.

The Itochu-owned brand said that its net income was flat in the fiscal fourth quarter at ¥3,671 million ($24.1 mm) from ¥3,670 million on 2% lower revenues of ¥36,249 million ($237.6 mm) against ¥36,889 million.

Net income improved 20% at the Japanese racquet sports and golf brand to ¥10,591 million ($69.4 mm) against ¥8,859 million as the Paris Olympics and other international tournaments sent revenues up 19% to a record high ¥138,276 million ($906.2 mm) from ¥116,442 million for the fiscal year ended Mar. 31.

The newly formed entity will combine the assets of Pelican International Inc. and Confluence Outdoor Inc. through a court-approved sale in Canada and Ch. 15 in the United States.

Cargo imports at major container ports are expected to drop at least 20% year-over-year each month into this Fall, resulting in total import volume this year declining at least 10%, according to the NRF and Hackett Associates’ Global Port Tracker report.