Escalade Q2 net sales rises on archery, safety growth
ESCA•Outlook
- Escalade expects continued top-line growth in the second half of the year
- Company says elevated energy costs and inflation will continue to weigh on consumer spending
- Escalade plans to invest in product innovation, promotions, and facility improvements
Overview
- U.S. sporting goods maker's Q2 net sales rose 6.2% yr/yr, driven by archery and safety categories
- Q2 net income rose sharply, boosted by a one-time $10.2 mln pre-tax tariff recovery
- Cash flow from operations fell due to increased working capital needs
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Beat* | $57.70 mln | $57.59 mln (1 Analyst) |
| Q2 EPS | $0.68 | ||
| Q2 Net Income | Beat | $9.43 mln | $2.18 mln (1 Analyst) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The one available analyst rating on the shares is "buy". The average consensus recommendation for the recreational products peer group is "buy". Wall Street's median 12-month price target for Escalade Inc is $24.00, about 22.2% above its July 29 closing price of $19.64.
