Profits were $2106000 compared to $1077000 for the third period ended Sep.30 as revenues improved to $58055000 from $50004000. Domestic sales led the gain with a 19% increase to $38.5 million compared to $32.4 while international sales were up 11% to $19.5 million, led by Canda, China and Mexico. SKUL noted that gross profits margin rose 40 b.p. to 43.5% from 44.9% while SG&A spending leveraged at 39.2% vs 43.8% despite a double-digit increase in marketing spending.
Coming into its seasonally biggest quarter, SKUL said inventory was up 32% aganist last year to $64.2 million to prepare for expected demand.
Source:
