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Article Date: October 2019
Word Count: 117

Escalade Net Falls on Lower Margins

Net income declined 29% to $2,540,000 from $3,575,000 in the third quarter ended Oct. 5 on 4% higher revenues of $45,756,000 up from $43,955,000 driven by higher sales in the games category, although vertical archery bow sales declined. Gross margin plunged 610 basis points to 21.9%, negatively impacted by customer allowances, lower factory utilization and sales mix. SG&A was ... Log in to view full article.


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