ESCA - Consumer Sporting Goods Company Escalade's Q4 Sales Dip CEO Foresees Margin Boost In 2024 | Benzinga
Escalade Inc (NASDAQ:ESCA) reported a fourth-quarter FY23 sales decline of 9.2% year-on-year to $65.51 million, missing the analyst consensus estimate of $67.09 million.
The decline is primarily due to softer consumer demand across the majority of the company’s product categories, partially offset by improved demand in its basketball and indoor games product categories.
Gross margin for the quarter improved 192 basis points to 24.3%. Operating income increased 1.6% to ...