Net loss attributable to shareholders narrowed to $14,996,000 in Q1 from last year’s $259,694,000 loss that included a $262.1 million impairment charge, while sales improved 4% to $368,657,000 from $355,030,000. Gross margin contracted 200 b.p. on tariff impacts and an unfavorable shift in product mix. After backing out impairment, operating expenses ticked up 1% and leveraged 60 b.p. to 23.2% of the top line.

Specialty Sports Group, home of the bike components business and Marucci, slipped 9% to $110.5 million. Marucci continued to see softness in bat volumes in the quarter, prompting ... Log in to view full article.