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Stock impact report

SUMR Brands Reports Second Quarter Results

Summer Infant, Inc (SUMR)  More Company Research Source: GlobeNewswire
Last summer infant, inc earnings: 5/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.summerinfant.com/home/default.aspx
PDF 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 [Read more]
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