RevolutionRace Q1 Profits Grow on Flat Sales
Net income increased 32% to SEK 83 million ($9.1 mm) in the first quarter from SEK 63 million, on flat sales of SEK 487 million ($53.3 mm) compared to SEK 486 million, which would have been up 5% constant currency. Gross margin at the outdoor apparel company expanded 160 basis points to 71.0%. Rest of World sales declined 4% in local currencies and 10% in SEK to SEK 93 million, with U.S. sales down on difficult comparisons with ... Log in to view full article.
