Net income nearly quadrupled to $8,480,000 from $2,167,000, bolstered by a $2.1 million net tax benefit, on sales that increased 12% to $174,412,000 over $155,353,000, after growing at a 21% pace through mid-March before dropping 25% in the final two weeks. DTC gained 29% (up 31% before softening to 15%) to $79.6 million, with balanced growth from drinkware and coolers and equipment. Wholesale inched up 1% (13% growth turned to a 43% decrease) to $94.8 million, led by drinkware.

Drinkware sales led at a 24% increase to $112.6 million, benefiting from new colorways and sizes and customization demand across bottles, tumblers ... Log in to view full article.