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0.0298365853658536 0.0487804878048781 0.0487804878048781 0.0487804878048781 0.0487804878048781 -0.0736585365853659 -0.0736585365853659 -0.0736585365853659
Stock impact report

SUMR Brands Reports Second Quarter Results

Summer Infant, Inc. (SUMR) 
Last summer infant, inc. earnings: 5/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.summerinfant.com/home/default.aspx
Company Research Source: GlobeNewswire
WOONSOCKET, R.I., Aug. 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 second quarter ended June 29, 2019. Recent Highlights Net sales were $46.4 million in the second quarter versus $42.5 million in the first quarter of 2019 and $47.7 million in the prior-year second quarter, as growth continued across the Company’s leading channel partners and key product categories, offset by the impact from tariffs versus the 2018 second quarterG&A declined 9% year-over-year, reflecting cost-reduction initiativesDebt and inventory both declined sequentially from first quarter levels, reflecting ongoing working capital improvement; inventory turns increased to 3.9 timesSUMR’s distribution center in China became fully operational during the quarter, servicing international markets targeted for expansion “SUMR Brands continued to tak Show less Read more
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