Net income came in at $11,079,000 in the fiscal third quarter ended Jan. 31, down from $30,542,000 last year, as revenues declined 27% to $129,036,000 from $177,738,000, but increased sequentially from FQ2 and remain above pre-pandemic levels. While down from last year’s record volumes, SWBI believes that consumer demand has now stabilized and structural improvements in its operations will provide a foundation for profitable growth. The strongest areas of the market are currently low-end entry-level products and higher end premium or fully featured products, SWBI said. Core buyers are becoming more ... Log in to view full article.