The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SALT LAKE CITY, United States — Black Diamond Inc. on Monday reported a loss of $4 million in its first quarter.
The Salt Lake City-based company said it had a loss of 13 cents per share. Losses, adjusted for non-recurring costs and amortisation costs, came to nine cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of three cents per share.
The outdoor sports gear maker posted revenue of $38.2 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $36.1 million.
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Black Diamond expects full-year revenue in the range of $145 million to $150 million.
In the final minutes of trading on Monday, the company's shares hit $4.24. A year ago, they were trading at $9.01.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.