Net income improved by 33% to $5,667,000 from $4,275,000 for the third quarter, though sales slipped 8% to $67,738,000 from $73,358,000 on continued softness from U.S. wholesale. International sales posted 13% growth, while DTC e-commerce soared 29% in the quarter. These channel gains joined growth in archery, safety, and basketball, but could not offset the soft consumer demand environment and retailers’ inventory destocking across most categories. Gross margin expanded 10 b.p. to 24.8% as strategic cost-cutting initiatives partly ... Log in to view full article.