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Article Date: November 2023
Word Count: 194

Leatt Sales Drop Sharply Due to Retail Overstocks


Net income was cut by 89% to just $460,474 in the third quarter from $4,088,123 prior at the protective equipment maker, as sales dropped 48% to $12,008,847 from $23,258,752 lapping a strong quarter. The core body armor segment plunged 48% to $5.5 million, while helmet sales were down 34% to $2.9 million, led by weak off-road motorcycle volume, and other products dropped 54% to $3.0 million on lower technical apparel sales. Neck brace sales fell 63% to $0.7 million. US revenues were off 29% at $3.9 million, while ... Log in to view full article.

 


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