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Article Date: February 2020
Word Count: 143

Escalade Profits Decline in Q4 on Lower Sales


Net income dropped 28% in the fourth quarter to $2,575,000 from $3,580,000 and revenues declined 8% to $47,044,000 against $50,992,000 on softness in the archery and fitness categories, but outdoor games, pickleball and basketball improved. Gross margin narrowed 90 basis points to 23.1% impacted by tariffs and sales mix. SG&A was up slightly, and deleveraged 150 b.p. as a percent of sales. Full year net income slid 64% to $7,258,000 from ... Log in to view full article.

 


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