August 15, 2017 Dick’s Lowers Guidance as It Girds for Promotional War
Adapting to yet another new normal, Dick’s said it would aggressively pursue market share with more intense promotions as it reported disappointing Q2 results of $112,385,000 for the second quarter, up 23% compared to last year’s Sports Atrocity period, on a 10% sales gain to $2,156,911,000 compared to $1,967,857,000. Kevin Plank Will Exit Trump Business Council
The head dog at Under Dog joined several other CEOs who moved to distance themselves from President Trump over his handling of the violence in Charlottesville, VA, last weekend. Remington Results Sag in Second Quarter
Net loss doubled to $9.5 million from $4.8 million in the second quarter ended Jul. 2 as reduced consumer demand and excess inventories in the firearms segment sent sales tumbling 24% to $155.0 million from $204.3 million. Anta Sports Posts Big First Half Gains
Comprehensive net income at the Chinese footwear and apparel company increased 14% to RMB1,323.9 million ($192.9 million) from RMB1,159.7 million in the first half, despite a RMB155 million negative swing in foreign exchange, as sales gained 19% to RMB7,323.2 million ($1,067.0 million) from RMB6,142.7 million. Giant Manufacturing Net Jumps on ForEx
A NT$962 million positive swing in foreign exchange drove comprehensive net income up 137% to NT$1129.7 million ($34.9 million) from NT$476.4 million in the second quarter. Johnson Health Tech Swings to Loss in Q2
Net loss was NT$114.7 million ($3.5 million) against income of NT$62.2 million in the second quarter ended Jun. 30 on 6% higher revenues at NT$4,280.1 million ($132.1 million) vs. NT$4,046.7 million. Sporting Goods Sales Drop in July
Adjusted sales for sporting goods/hobby/book and music stores were down 4.2% to $7,133 million in July compared to $7,446 million, according to Commerce Dept. data. Etcetera: Wolverine, Asics, Iconix, Cherokee
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