August 23, 2017
A $6.2 million accrual for a legal settlement turned TLYS’ otherwise solid second quarter red with a net loss of $596,000 against income of $1,433,000 as sales climbed 2% to $138,810,000 from $136,412,000 and comps increased 2.1%.
The International Trade Commission’s final recommendations for tariff relief were sent to Congress which will eliminate some $16.5 million in tariffs for SFIA members each year for the next three years if Congress approves the Miscellaneous Tariff Bill before it.
Net income was AUD 5,434,000 ($4.3 mm) for the FY ended Jun. 30 from AUD 6,279,000 while sales were off 7% to AUD 140,484,000 ($111.3 mm) compared to AUD 150,822,000.
Net income was down 17% to RMB 335,711,000 ($50.4 mm) compared to RMB 403,854,000 for the six months ended Jun. 30 as sales declined 9% to RMB 2,310,791,000 ($347.0 mm) from RMB 2,534,584,000.
Over the past 11 years, outdoor participation has ranged from a high of 50.0% of the population in 2007 to a low of 48.4% in 2014 and 2015 and ticked up slightly to 48.4% in 2016, according to the Outdoor Foundation’s report.
The co-op invested between $5,000 and $25,000 in the nonprofits from its Force of Nature Fund with the goal of connecting women with the outdoors.
Academy Sports & Outdoors is recalling about 21,000, 100 qt. crawfish cookers because the propane hose can melt and/or burn, posing a fire hazard.