SUMR Brands Reports First Quarter Results
Summer Infant, Inc. (SUMR)
Last summer infant, inc. earnings: 5/7 04:15 pm
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US:NASDAQ Investor Relations:
investor.summerinfant.com/home/default.aspx
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Source: GlobeNewswire
WOONSOCKET, R.I., May 07, 2019 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the first quarter ended March 30, 2019. Recent Highlights Net sales were $42.5 million in the first quarter versus $42.1 million in the prior-year period, with growth across all major customers and most key product categories offsetting the negative impact from tariffs and approximately $3.0 million of lost sales due to the liquidation of Toys “R” UsAdditional streamlining actions – including an approximate 7% reduction in the Company’s workforce – were taken during the quarterThe Company launched its new born freeTM brand in MarchHired Scott Doerstling, who previously held senior roles at Diono, Britax and Newell Brands, as Senior Vice President – North America Sales “During the first quarter we took additional steps to position the Company for improvi
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