Net income improved 48% to $2,619,000 from $1,775,000 in the first quarter, though revenues contracted 3% to $55,479,000 from $57,304,000, pulled down by lower demand for basketball and table tennis products. Other categories performed better, including archery, outdoor games, darting, and safety. Gross margin was up 160 basis points to 26.7%, helped by lower fixed costs and reduced inventory storage and handling costs. SG&A inched down 1% in dollars but increased 40 b.p. to 19.1% of sales. Inventory ... Log in to view full article.