The bottom line tumbled 22% in the fourth quarter to $586,871,000 from $748,403,000, on 1% higher revenues that came in at $3,640,801,000 against $3,611,497,000, and would have been flat on a constant currency basis.

Final quarter net income inched up to $133,688,000 over $133,631,000 on a 3% improvement in sales to $1,718,471,000 from $1,676,920,000, though comps declined 1.6% on a 5.1% average ticket increase that was more than offset by a 6.4% drop in transactions.

The Austrian-based machinery and plant engineering group has inked an agreement to acquire QBL, a supplier of storage and drying systems, for undisclosed terms.

The tennis and pickleball brand filed for chapter 11 protection in the W. PA federal bankruptcy court after finding itself short of cash amid slowing pickleball demand and pending litigation over control of the company.