Improved Financial Performance
Net income of $5.6 million or $0.40 per diluted share on net sales of $67.8 million. Gross margins improved to 28.1% from 24.8% in the prior year period, a 344 basis point increase.
Operational Efficiency Gains
Lower operational costs due to facility consolidation and cost rationalization. Selling, general and administrative expenses decreased by 4.1% compared to the prior year.
Successful Product Launches and Market Share Gains
New product launches in the archery segment, including the Redeem and Alaskan Pro bows, have been well received. Market share gains in the safety category and strong performance in the games category.
Strategic Acquisition
Completed the acquisition of Gold Tip, expected to be accretive to earnings in 2026, enhancing category leadership in archery.
Proactive Price and Supply Chain Management
Implemented targeted price increases and strategic inventory management to mitigate tariff impacts and prepare for the holiday season.