Thule’s Kids & Dogs Segment Drives Q3 Sales
Net income rose 25% to SEK 393 million ($39.3 mm) from SEK 314 million ($31.4 mm) in the fiscal third quarter, on 3% higher sales of SEK 2,603 million ($26.0 mm) from SEK 2,528 million. Top-line growth benefited 80 b.p. from the Curli dog harness business acquisition at the end of Q2 and 100 b.p. from ForEx. Gross margin improved 180 b.p. to 49.3%, supported by SEK 52 million in U.S. tariff refunds, which, combined with the Aug. price, offset higher raw materials and freight costs. SG&A was up 2% in ... Log in to view full article.