NEW YORK — Robust apparel sales led Reebok International Ltd. to generate double-digit profit gains in the first quarter.

For the three months ended March 31, the Canton, Mass.-based athletic footwear and apparel titan posted a 10.2 percent climb in net income to $40.8 million, or 63 cents a diluted share, matching Wall Street’s consensus estimate. By comparison, the company earned $37.1 million, or 51 cents, in last year’s comparable quarter. Excluding a 7 cent charge for a change in accounting principle, prior-year EPS would have been 58 cents.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus