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Article Date: April 2024
Word Count: 245

Escalade’s Improving Margins Power Profit Gain

Net income in the final quarter increased 6% to $2,864,000 from $2,704,000 despite 9% lower sales of $65,506,000 against $72,136,000 as growing basketball and indoor games sales were more than offset by other categories. Direct-to-consumer outperformed, growing 39% in Q4. Gross margin expanded 192 basis points to 24.3%, helped by pricing, sales mix and lower freight and distribution costs compared to the year before. SG&A was reduced by 4%, but increased 90 b.p. as a percent of sales, and interest expense declined 19%, as ESCA has reduced its long term debt ... Log in to view full article.


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