Escalade Profits on Favorable Sales Mix, Improving Margins
Net income skyrocketed 67% to $4,381,000 from $2,619,000 in the first quarter as revenues inched up 1% to $55,785,000 from $55,479,000, driven by archery momentum, including its recent Gold Tip acquisition, and billiards and safety. Those gains were partially offset by lagging outdoor and indoor game sales. Gross margin grew 408 basis points to 30.7%, helped by lower fixed costs ... Log in to view full article.
