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Nike Beats Analysts' Expectations, Sees Increases In Total Sales, Q2 EarningsPublished in SportsBusiness Daily on 12 / 21 / 16
Nike yesterday " handily beat analysts' expectations ," as the company's total sales jumped 6% to $8.2B and its Q2 earnings increased 7% to $842M, 50 cents a share, according to Jeff Manning of the Portland OREGONIAN. Nike President, Chair & CEO Mark Parker "conceded in his remarks to stock...
Herb Allen Jr.''s investment banking company, Allen & Co., "is considering launching a sports and entertainment company to compete with the likes" of IMG and SFX Entertainment, according to Josh Gotth
SFX Entertainment reported a year-end loss of $68.7M, compared with a $3.8M profit from a year ago, as the company spent $1.5B in acquisition costs, according to Jay Sherman of the HOLLYWOOD REPORTER.
The Venator Group promoted Bruce Hartman to CFO & Senior VP, following the resignation of Reid Johnson from both positions, according to the WALL STREET JOURNAL. Johnson''s move followed a "debt-ratin
CA-based Oakley has named a new President and reported an increase in fourth-quarter earnings, according to Kirsten Searer of the ORANGE COUNTY REGISTER. Oakley promoted Colin Baden from VP/Design to
NY-based Family Golf Centers "lost almost half its market value" yesterday, "plummeting 5 15/16, or 44%, to a 52-week low of 7 1/2," according to the WALL STREET JOURNAL. FGC said its fourth-quarter e
Florida Panthers Holdings (FPH) wants shareholders to invest $30M in FPH that "would go toward paying off debt from hotels the company acquired as it has evolved from a sports franchise into a resort
NJ-based Princeton Video Image (PVI) reported revenues of $164,292 for the second quarter of ''99, compared with $201,974 in the same quarter a year ago. PVI had a net loss of $2.1M, or $.26 per share
NC-based Champion Products, a division of Sara Lee, "has laid off 12 people" in Winston-Salem, NC, and "will cut 48 more jobs" there over the next several months, according to Eleni Chamis of the WINS
IMG/Chase Sports Capital Partners agreed to buy an 80% stake of Skip Barber Racing School for between $25-35M, according to Daniel Kaplan of the SPORTSBUSINESS JOURNAL. The investment in the school is
School Specialty Inc. will purchase NJ-based Genesis Direct''s Sportime division of physical education and recreation products for $23M, according to the MILWAUKEE JOURNAL SENTINEL. Genesis looks to r