February 16, 2017
The F-1, made public today after a confidential filing Feb. 6 and months of rumors, reveals that the high-end outerwear brand has accelerated sales and profits rapidly in recent years.
Net income fell 26% in the final quarter to $58,059,000 from $78,791,000 as total revenues declined 5% to $1,338,305,000 from $1,407,827,000 impacted by weak traffic and the falloff in firearms demand after the election.
Bucking retail trends south of the border, FGL Sports sales grew 5% to C$624.7 million ($467.9 million) from $594.0 million in the fourth quarter, including 5.1% same store sales growth.
A non-cash charge for the disposal of Creative Recreation pulled the bottom line to a loss of $634,249 in the fourth quarter from $1,382,870 profit last year on 3% higher sales at $66,950,298 vs. $65,266,028.
Gander responded to news that it was preparing for a bankruptcy filing with a letter clarifying only that its advisors Houlihan Lokey will help it “identify the right go-forward strategy.”
Victus, the King of Prussia, PA-based custom wood bat manufacturer, is known for its unique color finishes and logo designs.
Yeti is suing Glacier Coolers claiming that Glacier copied many of the styling elements of Yeti’s Roadie and Tundra coolers.