The bottom line swung to a loss of $3,496,000 from $41,767,000 in profit on sales that were down 17% to $333,472,000 from $399,851,000, with Marucci’s solid performance proving an exception to the destocking and interest rate pressures continuing to wreak havoc across segments. Specialty Sports, home to Marucci and the bike business, was down 5% to $113.5 million on Bike’s ongoing channel inventory recalibration and lower consumer demand.

Marucci exceeded guidance with $59.6 million in sales, posting a strong quarter despite no significant product launches as softball, Lizard Skins, soft goods, international ... Log in to view full article.