RUSSELL Q2 NET RISES 71 PER CENT, NEW ATHLETIC CHIEF NAMED.
JULY 31, 2000 - VOL 17, NO 30
RUSSELL Q2 NET RISES 71 PER CENT, NEW ATHLETIC CHIEF NAMED.
Net income of $2,472,000 included after-tax charges of $4.92 million related to certain non-recurring expenses related to RML’s multi-year strategic plan. Since Jul. 1998, Russell has taken $105 million in restructuring charges. Revenues grew 9 per cent to $282,462,000 from $260,449,000 for the period ended Jul. 2. Sales by product category showed a 9.9 per cent increase in activewear; 15 per cent dollar and 18 per cent unit increases, respectively, at Jerzees and a 10 per cent gain in fleece sales. Russell Athletic ... Log in to view full article.