Some of the annual sales gain, to a range of$1.26-1.30 billion, will be generated by Russell’s latest acquisitions(Spalding, Moving Comfort and Bike Athletic). The remainder will come fromexisting businesses, despite an expected $25 million offset from a decision toexit a Kmart women’s fleece program. The FY EBITDA and EPS forecasts aremaintained at $160-175 million and $1.60-1.75 ($51.5-56.4 mm), respectively.

In Q1, boosted by an 18% increase in the RussellAthletic topline, RML reported net income of $3.4 million on a 6% gain in netsales to $228.0 million. EBITDA rose 8% to $24.6 million for the period endedApril 6. Gross margin percentage dipped ... Log in to view full article.