Net income more than doubled to $19,847,000 in the fiscal first quarter ended Jan. 1 from $6,430,000 last year on 29% higher sales of $165,667,000 up from $128,054,000. Gross margin expanded 340 basis points to 45.3% on higher fixed cost absorption and SG&A, while 10% higher in dollars, leveraged 550 b.p. on the soaring top line. Fishing sales gained 28% to $127.0 million with strength in both new and core product lines, notably Humminbird sonar and Minn Kota trolling motors, driving ... Log in to view full article.