Fitness financials: Champion parent swings to Q4 profit, plus Under Armour, Play It Again Sports, Costco

Hanesbrands, parent of Champion and Duofold, swung to a fourth-quarter profit, saying higher revenue offset rising costs for cotton and other commodities. Plus, Under Armour reports Q4 revenue growth, Winmark offers cash dividend and Costco announces quarterly cash dividend.
Author:
Updated:
Original:

Champion parent swings to Q4 profit

Hanesbrands (NYSE: HBI), parent of Champion and Duofold, swung to a fourth-quarter profit, saying higher revenue offset rising costs for cotton and other commodities. It said it plans to raise prices in the current year to offset the rising costs.

Net income totaled $28.1 million, or $0.29 per share, compared with a loss of $1.1 million, or $0.01 per share, last year. Excluding expenses related to debt refinancing, net income was $0.43 per share.

Revenue rose 16 percent to $1.15 billion from $988.7 million.

For the year, net income rose to $211.3 million, or $2.16 per share, from $51.3 million, or $0.54 per share last year.

Revenue rose 11 percent to $4.33 billion from $3.89 billion.

In 2011, the company said it expects net income of $2.60 to $2.80 per share on revenue of $4.85 billion to $5 billion.

Hanesbrands said it expects to raise prices throughout 2011 as warranted by cost inflation. The increases will range anywhere from the low-single-digit percentages to 30 percent or more for products made with cotton. Depending on product category and where it is sold, some price increases could be quarterly.

Under Armour reports Q4 revenue growth

Under Armour (NYSE: UA) posted a 36 percent increase in fourth-quarter revenue, partially driven by a 32 percent increase in apparel sales.

For the quarter ended Dec. 31, net revenues were $301.2 million compared with net revenues of $222.2 million in the fourth quarter of 2009. 

Net income increased to $22.9 million, or $0.44 per share, compared with $15.2 million, or $0.30 per share, in the prior year's period. 

Fourth-quarter apparel net revenues increased 32 percent to $254.0 million compared with $192.1 million in the same period of the prior year. Footwear net revenues for the quarter increased to $21.9 million from $8.7 million in 2009.

Direct-to-consumer net revenues, which represented 33 percent of total net revenues for the quarter, grew 56 percent year-over-year during the fourth quarter. 

For the full year 2010, net revenues increased 24 percent to $1.064 billion compared with $856.4 million in the prior year. 

Diluted earnings per share for the full year increased 46 percent to $1.34 per share on weighted average common shares outstanding of 51.3 million compared with $0.92 per share on weighted average common shares outstanding of 50.7 million in the prior year.

Looking ahead, the company said it now expects 2011 net revenues in the range of $1.33 billion to $1.35 billion.

Winmark offers cash dividend

Winmark (Nasdaq: WINA), parent of Play It Again Sports, said its board of directors approved the payment of a cash dividend to its shareholders. The quarterly dividend of $0.02 per share will be paid on March 2 to shareholders of record on Feb. 9. Future dividends will be subject to board approval.

Costco announces quarterly cash dividend

Costco (Nasdaq: COST) said its board of directors declared a quarterly cash dividend on its common stock. The dividend of $0.205 per share is payable Feb. 25 to shareholders of record on Feb. 11.

--Compiled by Wendy Geister

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related

Fitness financials: Iconix’s Q4 profit rises 29 percent, plus Hanesbrands/Champion, Play It Again Sports, Sears, Garmin

Iconix’s Q4 profit rises 29 percent Iconix Brand Group (Nasdaq: ICON) said fourth-quarter earnings rose 29 percent as licensing and other revenue climbed. Fitness EM licenses the Danskin brand name for fitness equipment from Iconix's property, Triumph, formerly known as Danskin. ...read more

Fitness financials: Town Sports swings to a loss in Q3, plus Sports Club, Iconix, Under Armour, GSI, Champion, Brunswick

Town Sports swings to a loss in Q3 Town Sports International (Nasdaq: CLUB) swung to a loss in the third quarter hampered by a lower membership count. Net loss for the quarter ended Sept. 30 was $1.5 million, or $0.07 per diluted share, compared to net income of $3.8 million, or ...read more

Fitness financials: Under Armour more than doubles Q2 profit, plus Iconix, GSI, Winmark

Under Armour more than doubles Q2 profit Under Armour (NYSE: UA) said its second-quarter profit more than doubled on strong sales of both men's and women's clothing, as well as accessories. For the three months ended June 30, Under Armour earned $3.5 million, or $0.07 per share, ...read more

Outdoor financials: Duofold parent swings to Q4 loss, plus Dick’s

Duofold parent swings to Q4 loss Hanesbrands (NYSE: HBI), parent of Duofold, said it swung to a loss in the fourth quarter battered by a 106.1-percent drop in earnings. The company reported a loss of $1.1 million, or $0.01 per diluted share, versus $17.9 million, or $0.19 per ...read more

Outdoor financials: Under Armour Q1 profit leaps, plus GSI Commerce

Under Armour Q1 profit leaps Under Armour (NYSE: UA) recorded an 80-percent surge in its first-quarter profit, helped by a 31-percent rise in apparel revenues, as well as strong sales at its online and factory stores. Earnings for the quarter ended March 31 were $7.2 million, or ...read more

Fitness financials: Play It Again Sports' parent reports rise in Q1 profit, plus Big 5, Dick's, Hibbett

Play It Again Sports' parent reports rise in Q1 profit Winmark Corp. (Nasdaq: WINA), parent of Play It Again Sports, reported an increase in net income for the first quarter, partially crediting the up tick to a tighter control on expenses. For the quarter ended March 28, ...read more

Outdoor financials: Under Armour reports Q4 revenue growth, plus Hanesbrands/Duofold

Under Armour reports Q4 revenue growth Under Armour (NYSE: UA) posted a 36 percent increase in fourth-quarter revenue, partially driven by a 32 percent increase in apparel sales. For the quarter ended Dec. 31, net revenues were $301.2 million compared with net revenues of $222.2 ...read more

Precor_logo2.jpg

Fitness financials: Precor posts 7 percent sales increase for Amer Sports, plus Life Fitness sales up 9 percent, Iconix, GSI, Sports Club, Town Sports, Hanesbrands/Champion, Play It Again Sports

Precor posts 7 percent sales increase for Amer Sports Amer Sports posted a 14-percent increase in company sales for the third quarter, saying its fitness segment, which includes Precor, had “good development” as sales increased by 7 percent and EBIT improved markedly. For the ...read more

Outdoor financials: Better-than-expected results boost Columbia’s Q4 profit, plus Under Armour, LaCrosse

Better-than-expected results boost Columbia’s Q4 profit Columbia Sportswear (Nasdaq: COLM) said its fourth-quarter profit rose amid higher sales of its brands, including Mountain Hardwear and Sorel. The company earned $23.1 million, or $0.68 per share, in the fourth quarter, ...read more