ROCKSHOX sees flat to lower sales but improved earnings in FY02.
ROCKSHOX sees flatto lower sales but improved earnings in FY02. The slowing economy and a lateSpring in parts of the U.S. and Europe take the blame for the revenue forecast,but management feels better gross margins and corporate cost improvements willhelp the bottom line. In FY01, a number of cost-cutting moves were madeincluding a corporate relocation to Colorado Springs and the elimination of 30%of staff. Q4 net sales dropped 6% to $18,059,000 for the period ended Mar. 31.Including ... Log in to view full article.