Net income was down 52% to $3,580,000 from $7,459,000 in the fourth quarter ended Dec. 30 lapping last year’s $3.0 million benefit from the Tax Act, as revenues gained 5% to $50,992,000 from $48,685,000. ESCA management said the company is starting to see the benefits of operational and sales investments in its e-commerce platform. Gross margin narrowed 70 basis points to 24.0% and SG&A increased ... Log in to view full article.