Summer Infant Reports Third 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
Revenue $43.8 Million; $0.01 EPS; Higher Demand Offsetting TRU Impact WOONSOCKET, R.I., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Summer Infant, Inc. ("Summer Infant" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal third quarter ended September 29, 2018. “Third quarter results continued to show the resilience of our product lines even with tough year-over-year comparisons due to the liquidation of Toys ‘R’ Us,” said Mark Messner, President and CEO. “While revenue was lower versus the second quarter, reflecting normal seasonality, net sales rose slightly over 2017 primarily due to the strength of our potties, positioners, SwaddleMe® blankets, and gates – more than offsetting $5.1 million in bankruptcy-related lost revenue. Simply put, we are successfully gaining shelf space across our brick & mortar channel partners and expect additional product placements in the fourth quarter. While margins were l
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