New Wave Group’s Q1 Sales Led by Sports & Leisure
New Wave Group, the Swedish parent of sports brands Craft and Cutter & Buck and distributor of other labels, reported a 9% increase in first quarter sales to SEK 2,184 million ($206.6 mm) driven by the Sports & Leisure segment which grew 11%. Net profit improved 19% to SEK 144 million ($13.6 mm) from SEK 121 million. Gross margin was flat at 49.8%. Sports & Leisure total sales were SEK 953 million ($90.2 mm) with growth in all regions. Sports & Leisure sales ... Log in to view full article.
