The company has priced an underwritten public offering of 14,634,146 shares of its Class A common stock at a public offering price of $20.50 per share pursuant to a registration statement filed on Form S-3 with the SEC.
Author: SGB Media
Unifi, Inc. Narrows Fiscal Q1 Net Loss on Solid Revenue Gains in Brazil Segment
Revenues from Repreve Fiber products were $44.7 million and represented 30 percent of net sales, compared to $42.5 million or 31 percent of net sales for the first quarter of fiscal 2024.
True Religion Opening Three New U.S. Stores Ahead of Holidays
Three new stores, in addition to a store opening in May in Katy, TX, brings the brand’s total number of physical retail locations to 51 in the United States.
Kontoor Brands Posts Q3 Growth at Wrangler, Decline at Lee on Solid U.S. Gains
The increase for the third quarter was said to be driven by growth in global direct-to-consumer (DTC) and U.S. wholesale, partially offset by a decline in international wholesale revenue.
Hipcamp Acquires BookOutdoors
Campsite booking platform Hipcamp announced the acquisition of BookOutdoors, an online travel booking platform for campgrounds, RV parks, cabins, and glamping resorts.
Mount to Coast Taps Brooks’ Doug Rosenberg as U.S. Country Manager
Mount to Coast, the running footwear start-up based in Hong Kong, named Doug Rosenberg as its U.S. country manager. Most recently, Rosenberg served as Brooks Running’s director of global footwear business and strategic sourcing,
PureGym Wins Bankruptcy Auction for Blink Fitness Assets
PureGym, backed by Leonard Green & Partners and KKR, will acquire Blink’s corporate operations and a substantial portion of Blink’s locations, with a focus on New York and New Jersey, for $121 million in cash.
HealthFitness Acquires Corporate Fitness Works
The provider of fitness, wellness, and injury prevention programs owned by Trustmark has acquired Corporate Fitness Works, an industry leader in delivering custom onsite and virtual fitness management solutions.
Malibu Boats Posts Sequential Improvements in Revenues and Margins in Tough Q1
The financial performance this quarter reportedly reflects sequential improvements across revenues and margins as the company scaled back promotional activity and continued showcasing operating efficiencies
MarineMax Q4 Earnings Hit by Hurricane Helene
Nationwide boat dealer with over 60 locations, as expected, reported earnings came in at the low end of guidance in the fourth quarter ended September 30 due to damage caused by Hurricane Helene on certain locations on the west coast of Florida. Sales were down 5 percent in the quarter.
Gildan Activewear Raises FY Revenue Guidance on Activewear Strength
Gildan Activewear Inc.’s third-quarter sales grew 2.4 percent, slightly ahead of guidance, as a 6 percent gain in activewear sales offset an 18 percent slump in its hosiery and underwear sales tied to its phase-out of its Under Armour sock license. Earnings rose 15 percent on improved margins.
EXEC: Peloton Shares Spike with New CEO and Above-Plan Q1 Results
Total revenue in the quarter was $586.0 million, down 1.6 percent from $596 million a year ago. Total revenue was above the high end of its $560 million to $580 million guidance range and analysts’ consensus estimate had been $574.8 million.
Peloton Names Former Apple, Ford Exec as New CEO
Peloton named Peter Stern as its new CEO and president, effective January 1, 2025. Stern currently serves as president of Ford Integrated Services and before that held leadership roles at Apple and Time Warner Cable.
Sturm, Ruger’s Earnings Slide on Promotions, Sales Turn Positive
The firearms company announced that net sales were $122.3 million for the third quarter against $120.9 million a year ago. Earnings reached $4.7 million, or 28 cents a share, compared with $7.4 million, or 42 cents, the prior year.
DPS and Phantom Glide Hires Head of Strategic Product Development
Since its invention over seven years ago, World Cup Nordic Combined champion Billy Demong has been an active Phantom Glide tester. He joins recently hired Ted Ligety as part of the design, development and business strategy team.
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