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Article Date: February 2020
Word Count: 142

Globeride Swings to Loss in Holiday Quarter

Net loss at the Japanese Daiwa fishing parent and Prince distributor was ¥6 million ($0.1 mm) in the seasonally slow fiscal third quarter ended Dec. 31 against a profit of ¥161 million prior, as revenues slipped 3% to ¥19,659 million ($180.9 mm) from ¥20,192 million. Gross margin was up 20 basis points to 35.6% while SG&A expanded 140 b.p. as a percent of sales. Year-to-date, sales in the Americas region grew ... Log in to view full article.


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