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Article Date: May 2024
Word Count: 359

Colt CZ’s Sales Jump to Start the Year


Net income declined 48% to CZK 303,263,000 ($13.4 mm) from CZK 587,819,000 for the first quarter while sales increased 22% to a record CZK 3,667,086,000 ($161.9 mm) over CZK 3,012,556,000 as all channels and regions reported growth except for Africa. Declining margins and a 49% spike in interest expense hit the bottom line as the seasonally small quarter benefited from several military and law enforcement orders moving out of late ’23 on prolonged licensing procedures, along with gradual recovery in the U.S. commercial market. Total units sold declined 6% to 140,000 ... Log in to view full article.

 


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