Sep 5, 2024 · Net income was up 16% to $22,573,000 from $19,441,000 on revenue that improved 13% to a quarterly record $332,696,000 over $294,615,000 for the second quarter ended Aug. 3, benefiting from a favorable calendar shift of about $20 million out of Q3.

20 hours ago · Peloton Raises Guidance as Loss Narrows . Net loss was reduced by 53% to $92.0 million in fiscal Q2 from $194.9 million last year on a revenue decline of 9% to $673.9 million from $743.6 million as the company’s turnaround efforts continued to stanch the bleeding on the P&L and balance sheet.

Oct 17, 2024 · Deloitte’s annual Holiday survey found that total average consumer spending for the season will jump 8% to $1,778 from $1,652 last year, which was a 14% increase over $1,455 in ‘22 and significantly higher than $1,496 in pre-pandemic ‘19.

Top Stories from Recent Issues . In the meantime, here are a few of our recent most-read stories on Nike earnings, retailers’ expansion plans, the industry’s Q1 scorecard, JD Sports’ acquisition of Hibbett, and recent financial results of major ...

Sporting Goods Sales Inflect Positive in December . After declining every month in 2024, adjusted sales of sporting goods/hobby/book and music stores increased 1.8% to $8,426 million from $8,277 million in Dec., and grew 2.6% from Nov., according to Commerce Dept. data. Sales at clothing & clothing accessories stores improved ...

Port Strike Averted with Tentative Deal . Negotiators for the International Longshoremen’s Association and United States Maritime Alliance have agreed to terms of a new six-year master contract less than a week before the union’s strike deadline would …

Top Stories from June . In the meantime, here are a few of our recent most-read stories on Nike earnings, retailers’ expansion plans, the industry’s Q1 scorecard, new execs at Under Armour, Academy and VF Corp., the De Minimus loophole and Rockport’s bankruptcy ...

2025 Input Costs: Freight and Labor Up, Raw Materials Stable . U.S.-bound trans-Pacific shipping rates are again on the rise in the face of uncertainty over tariff plans from the incoming Trump administration and earlier fears of the potential International Longshoremen’s Association strike.

Aug 26, 2021 · The bottom line swung deep into the red in the final fiscal quarter ended June 30, tallying a net loss of $313.2 million against income of $89.1 million last year, on a 54% increase in total revenues to $936.9 million from $607.1 million.

Wages and Materials Costs Expected To Rise This Year . After the unprecedented supply chain crisis of 2021, the New Year opened with key shipping rates continuing to increase, with the Drewry Supply Chain Advisors’ composite index ticked up 1.1% to $9,409 per 40 foot container for the week of Jan. 6, coming in 80% above the prior year.