March 01, 2017
Net loss narrowed by 40% to $44,482,000 from a loss of $73,942,000 in Q4 as the company worked to downsize its inventory in the seasonally small quarter, on sales that declined 10% to $187,417,000 from $208,678,000.
In his address to Congress last night, President Trump was vague about his support specifically for the BAT.
Both the Outdoor Industry Association and the National Shooting Sports Foundation gave enthusiastic backing to the confirmation of Ryan Zinke (R-MT) as the Trump Administration’s Secretary of the Interior.
Net income increased 44% to $9,813,000 compared to $6,830,000 for the fourth quarter ended Dec. 30 on a 17% sales improvement to $111,555,000 from $95,668,000, led by a 28% increase in its power sports components business and an 8% increase in its cycling component business.
Luxottica’s wholesale division, which includes Oakley and Ray-Ban, saw sales dip slightly in 2016 to €3,528 million ($3,903 million) from €3,593 million due to implementation of a minimum advertised price policy in North America and a cleanup of distribution in China.