Net income inched up 3% to $6,712,000 in Q4 from $6,515,000 on sales that were down 9% to $125,952,000 from $138,926,000 but with sequential improvement and the lowest year-over-year declines of 2023. Wholesale decreased 13% to $85.8 million while retail increased 2% to $37.8 million as sell-through and destocking metrics improved with partners while retail saw double-digit traffic and sales increases across brand websites. The contract manufacturing segment dropped 15% to $2.3 million on the expiration of some U.S. military contracts.

The outdoor segment began to stabilize in Q4 after an ugly ... Log in to view full article.