Although the company reported better year-over-year market conditions for the golf segment, net income fell 41% to $2,924,000 from $4,923,000 for the period ended June 30. Revenues expanded 8% to $34,116,000 from $31,600,000. Gross margins were down 330 b.p. to 43.1%.
Adams, citing stronger sellthroughs for premium products this year, said it chose ... Log in to view full article.
