Net income jumped 176% to $36,259,000 from $13,117,000 on sales that were up 78% $212,244,000 from $119,469,000 for the second quarter ended July 3, benefitting from 87% growth in the Sports & Entertainment segment to $151,497,000, while Confections gained 59% to $60,747,000. Sports & Entertainment was led by digital sales up 122%, followed by an 88% boost to the physical channel and gift cards posting a 28% improvement. The segment’s adjusted EBITDA increased 138% to $53.6 million, driving an EBITDA margin improvement of 760 b.p. to 35.4%.

Consolidated gross margin was up 350 b.p. to 43.3% on a mix shift to ... Log in to view full article.