GoPro Posts First Profit In Five Quarters

GoPro Inc. reported a profit against a loss in the fourth quarter as sales climbed 13 percent. Results benefited from expense controls and strong demand for the HERO 7 action camera. 

NRF Sees 2019 Growth Between 3.8 And 4.4 percent

The National Retail Federation forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.

Johnson Outdoors’ Shares Rebound Day After Q1 Miss

Shares of Johnson Outdoors climbed $1.75, or 3 percent, to $61.02 at market close Tuesday despite its previous day report of a first-quarter earnings and revenue miss. The company’s shares had slid after Monday it reported revenue dropped 10.4 percent to $104.4 million in the first quarter ended December 28, missing analysts’ estimates by $12.4 million. EPS of 35 cents missed expectations by 4 cents.

Foot Locker Announces Global Realignment To Support International Growth Strategy

Foot Locker Inc., the New York-based specialty athletic retailer, on Tuesday announced a realignment of its organizational operating model into three distinct geographical regions: Europe, Middle East and Africa (EMEA); Asia Pacific; and North America, to better align its resources across its international businesses, and to develop an infrastructure to support an expansion plan within the Asian market.