Company did not provide specific guidance for future quarters or the full year
Overview
US specialty leather retailer's Q2 revenue rose 1.5% yr/yr
Net income turned positive in Q2 from a loss last year
Gross margin increased to 64.8%, driven by better product pricing
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$18 mln
Q2 Net Income
$400,000
Q2 Gross Profit
$11.70 mln
Q2 Operating Income
$500,000
Result drivers
Multichannel sales — Co said sales gains were seen across both retail and e-commerce channels
Operating expenses — Higher compensation, investments in a new POS system, loyalty program launch, and increased occupancy costs raised operating expenses
TLF•
