The headline is that given the pandemic, Globe had a reasonable result for the year ended June 30, 2020 and ended with a strong balance. In the press release, they say their performance held up “adequately.” That’s a fine word to describe it. Australian accounting rules only require six months statements, rather than the quarterly […]
Globe’s Year- And I Tease Out the Six-Month Numbers Read More »
That’s how CEO Steve Rendle describes it in the quarter’s conference call. We’ll quickly review the numbers, but in this maximum pandemic quarter, it’s not so much about the income statement as the strategy and management response. We’ll let VF’s management explain to us what they did and how they were prepared.
“Our Fortress Balance Sheet:” VF’s June 30 Quarter Read More »
Emerald Raised the Money As I reported in June, Emerald Expositions was raising $400 million through a convertible, preferred stock offering. Part of it was an offering to its stockholders with its majority owner, Onex, agreeing to take whatever part of the offering those smaller shareholders did not purchase. I was skeptical in the article
Some Interesting Things You Might Have Missed Read More »
It’s the financial statements we’re seeing and will see in the next month or so that will begin to help us decide who might be long term winners and speculate on why. I emphasize “speculate” because it’s too soon to reach conclusions. But I begin to think that keeping the new customers you got when
On July 20, Hibbett Sports released a press release and held a conference call to update it’s expected quarterly results. For their quarter ending July 31st, they forecast comparable stores sales to increase more than 70%. First half comparable store sales are expected to be up 20%. It’s great to have an industry retailer reporting
Why is Hibbett Sports Doing so Well This Quarter? Read More »
As I explained in an earlier article, my usual detailed analysis of company income statements and reports for quarters ending March through May went on hiatus. It didn’t seem useful given the initial disruption caused by the virus and lockdown. Not writing doesn’t mean I wasn’t reading. In no particular order, I reviewed VF, The
Macroeconomics, Data Systems, Balance Sheets and a Changing Business Model Read More »
A friend sent me this excellent interview with Dr. Michael T. Osterholm. He’s not a medical doctor. See his background here. Seems pretty clear he’s worth listening to when it comes infectious diseases. His objectivity and willingness to say what we don’t know impressed me. I’m supposed to write about business stuff. The interview may
What A Top Epidemiologist Thinks. Consider the Business Implications Read More »
On June 10 Emerald, the publicly traded company that runs trade shows including Surf Expo and Outdoor Retailer and owns Shop Eat Surf announced they were going to issue $400 million in convertible preferred stock. Like every company in our industry, Emerald is impacted by the pandemic, and is seeing already existing trends in its
Emerald Raising $400 Million and OR Goes Digital. Read More »
When we do get through the virus and at least some of the economic disruption, I’m wondering what the trade show environment might look like. It had already been changing and it seems pretty clear those changes are going to accelerate.
Speaking of Things That Might Change: Trade Shows and Emerald Expositions Read More »
Kathmandu released its number for the six months ended January 31 and I’ve finally gotten through the statements. Maybe the first thing you should do is go read what I wrote when Kathmandu acquired Rip Curl on October 31, 2019. Here’s the link. I thought the deal could work, but I was concerned by the
Kathmandu Releases First Numbers Including Rip Curl Read More »