JUNE 21, 1999 - VOL 16, NO 25

INDUSTRY PROFITS RISE 25 PER CENT ONSNEAKER GAINS.

Results for the first quarter of 1999 representthe first increase in quarterly profits since the third quarterof 1997, but the improvement was largely the result of betterresults in the sneaker business, where big swings at Nike,Reebok and K-Swiss drove the sector’s income up90 per cent. The quarterly SGI Scorecard is based on theresults of 52 companies with publicly listed securities in thesporting goods industry. Comparisons in the Q1 chart are for thequarter ended nearest to Mar. 31.

While the improvement is certainly modest, itdoes clearly indicate a ... Log in to view full article.