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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. 11, 2020 (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 27, 2020. Recent Highlights Net sales were $38.2 million in the second quarter versus $46.4 million in the prior-year period, reflecting the impact of COVID-19 on certain retail availability as well as supplier constraints in a few locations, which have since substantially improvedReflecting the Company’s ongoing restructuring initiatives and cost-cutting activities, G&A declined to $6.7 million in the second quarter from $8.1 million in the first quarter and $8.5 million in last year’s comparable periodSUMR Brands reported net income of $1.3 million, or $0.61 per share, in the second quarter of 2020 compared with a net loss of $0.2 million, or $(0.11) per share, in the prior-year periodAdjusted EBITDA rose to $4.3 million from $2.4 million in the Show less Read more
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