However, the sporting goods business saw a 360 basis point increase in gross profit margins versus the year-ago period. The higher gross profit margin on sporting goods was achieved by a combination of higher product margins on new products, logistical and operational efficiencies, and improvements in sourcing.
Fourth Quarter operating income from continuing operations grew 68%, an increase to $2.9 million, or 15.5% of net revenues, versus the year-ago level of $1.7 million, or 12.2% of net revenues.
This increase was driven by higher revenues, improved gross profit margins in the equipment business, and 400 basis points of leverage in the company's expense base. The expense leverage was due both to cost control initiatives and to economies of scale.
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Everlast Worldwide Inc, USA
marketing@alchempro.com
