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Related News
2/14/2025
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Perfect Moment Swings to Fiscal Q3 Net Loss as Sales Decline 8 Percent
(SGB UPDATE) Perfect Moment, Ltd., the manufacturer of performance, luxury skiwear and lifestyle apparel, reported results for its fiscal third quarter 2025 ended December 31, 2024.
Financial Highlights
Total net revenue declined 8 percent to $11.7 million from the prior-year Q3 quarter, said to be largely due to a decrease in collaboration revenue partially offset by an increase in retail net revenue.
Collaborations revenue declined by $1.1 million due to the conclusion of a two-year collaboration with Hugo Boss that ended in fiscal year 2024. The decrease was partially offset by revenue generated from a new Johnnie Walker collaboration with Diageo.
Excluding the Hugo Boss collaboration revenue, total net revenue for the quarter was relatively consistent with the year-ago at $11.6 million.
E-commerce gross revenue increased 7 percent to $5.4 million, with eCommerce net revenue declining 1 percent.
Wholesale net revenue decreased 6 percent to $7.3 million, driven by phased deliveries to match customer demand.
Gross margin improved 273 basis points to 54.8 percent from 52.1 percent in the same year-ago quarter. The improvement was due to the company’s successful margin expansion initiatives, including opening its first U.S. distribution center in October.
2/13/2025
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Mikaela Shiffrin, fellow ski racers, clear mental hurdles after traumatic injury at their own speed
(Associated Press (AP)) SAALBACH-HINTERGLEMM, Austria (AP) — From a physical standpoint, Mikaela Shiffrin is back to her winning form after a serious crash.
From a mental standpoint, there remains work to be done.
That’s why Shiffrin sat out the giant slalom event Thursday at the world championships two days after taking gold in the team combined event. The two-time Olympic champion revealed she’s suffering from post-traumatic stress disorder after a fall in a giant slalom race on Nov. 30 in Killington, Vermont, where something punctured her side and caused severe trauma to her oblique muscles.
2/12/2025
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Knitting, dancing and SpongeBob are all part of the show for US medalists at skiing worlds
(Associated Press (AP)) SAALBACH-HINTERGLEMM, Austria (AP) — Two gold medals and one very special headband.
American skier Breezy Johnson is leaving the world championships with more hardware than she expected — and with a headband dedicated to host Austria.
Johnson, who enjoys knitting, started making a headband in the red-and-white colors of the host country’s flag before her downhill victory and finished it in time to wear on the podium for her team combined win with Mikaela Shiffrin.
2/11/2025
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Mikaela Shiffrin and Breezy Johnson win gold in team combined at Alpine skiing world championships
(Associated Press (AP)) SAALBACH-HINTERGLEMM, Austria (AP) — Mikaela Shiffrin won a record-equaling 15th world championship medal and Breezy Johnson became double world champion on Tuesday when the American pair took gold in the new team combined event.
Shiffrin was third-fastest in the slalom at the Alpine skiing worlds, just over three hours after Johnson had clocked the fourth-best time in the downhill, as together they beat silver medalists Lara Gut-Behrami and Wendy Holdener of Switzerland by 0.39 seconds.
2/11/2025
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Lindsey Vonn says ‘I didn’t help myself’ with social media posts involving Mikaela Shiffrin
(Associated Press (AP)) SAALBACH-HINTERGLEMM, Austria (AP) — Lindsey Vonn acknowledged that “I didn’t help myself” by firing back on social media after learning that she wasn’t paired with Mikaela Shiffin for Tuesday’s team combined race at the skiing world championships.
The 40-year-old Vonn had campaigned to race with Shiffrin in a skiing “dream team” for the new event, which will also make its Olympic debut next year.
When Vonn saw Shiffrin announce on Instagram that she was racing with recently-crowned downhill world champion Breezy Johnson, Vonn reacted with displeasure on X, formerly known as Twitter.
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