Net income plummeted 85% to $2,519,000 from $16,952,000, lapping last year’s $11.7 million tax benefit, on an uptick in revenue to $250,685,000 from $249,586,000. DTC revenue was up 9% to $95 million, making up 38% of revenue and picking up 7% in international markets. Retail slipped 4% to $156 million. Looking at total sales by region, Asia Pacific was up 26% and Europe posted a 17% gain, while Americas fell 14%.

Camera units sold were down 12% on elimination of low-end cameras from the line-up, offset by the resulting 13% boost to ... Log in to view full article.