The outdoor product group maintained its full year adjusted sales outlook of 7% to 9% growth but moved its adjusted operating income percentage target up slightly to 16.0% to 16.5% after reporting strong Q1 results. Net income increased by 50% to $15,855,000 from $10,564,000 as the gross margin expanded by 360 basis points to 57.1 percent due to lower freight and product costs.
Total sales grew by 13% to $341,394,000 from $302,796,000 with both ... Log in to view full article.
