A second nine-figure writedown of the Supreme brand resulted in a bottom line loss of $214,892,000 in the final fiscal quarter ended Mar. 31 against a profit of $80,842,000 last year, on 3% lower revenues of $2,739,613,000 down from $2,824,664,000 that would have been flat constant currency.

The bottom line expanded 17% to $304,649,000 in Q1 from $260,559,000 last year, as 3.4% comp store growth—lapping last year’s 8.4% decline due to inventory shortages—contributed to 5% higher revenues at $2,842,181,000 against $2,700,205,000.

Net income attributable to shareholders declined 25% to RMB 1,836.6 million ($272.6 mm) in the fiscal year ended Feb. 28, down from RMB 2,446.5 million the year before, as revenues at China’s biggest sportswear retailer slipped 15% to RMB 27,073.2 million ($4,018.6 mm) from RMB 31,876.5 million.

Net loss widened 15% to $20,937,000 from $18,214,000 on sales that were down 43% to $68,419,000 from $119,724,000 for the fiscal fourth quarter ended Mar. 31, as both segments saw demand plunge from pandemic levels.

GoPro shed more light on its new channel and pricing strategies unveiled on the Q1 earnings call during a talk at the J.P. Morgan investor conference.

Peloton Interactive has re-introduced its app, with a new tiered membership structure, aiming to position the brand as a cross platform health and fitness company, not reliant on any particular bike or treadmill hardware.

Yeti is teaming up with the e-commerce giant and has filed three related suits in WA district court accusing multiple Amazon third-party sellers of infringing on its trademarks by selling various counterfeit Yeti products.