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ESCA Nasdaq· Escalade, Inc
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ESCA Nasdaq· Escalade, Inc
Earnings report Q3 2023

Escalade, Incorporated Reports Decrease in Sales for Q3 2023

Segments of Revenue

  • Mass Merchants: $35.93 million
  • Specialty Dealers: $19.67 million
  • E-commerce: $21.79 million
  • International: $2.96 million
  • Other: $0.89 million

Strengths

  • Escalade, Incorporated reported a decrease in sales of 2.1% for the third quarter of 2023 compared to the same period in the prior year.
  • The decrease in sales was primarily due to softer consumer demand across most product categories.
  • However, there was improved demand in the basketball and pickleball product categories.
  • The change in the reporting calendar also had a positive impact on sales.

Challenges

  • The decrease in sales indicates a weakness in consumer demand across the majority of Escalade's product categories.
  • The company may face challenges in addressing the softer consumer demand and finding ways to stimulate sales growth.

Noteworthy

  • Escalade, Incorporated experienced a decrease in sales for the third quarter of 2023, which is a departure from the previous trend of revenue growth.
  • The impact of the change in the reporting calendar resulted in a disaggregation of revenue according to sales channels.

Summary

Escalade, Incorporated reported a decrease in sales of 2.1% for the third quarter of 2023 compared to the same period in the prior year. The decrease in sales was primarily due to softer consumer demand across most product categories. However, there was improved demand in the basketball and pickleball product categories. The change in the reporting calendar also had a positive impact on sales. The decrease in sales indicates a weakness in consumer demand, which may pose challenges for the company in stimulating sales growth. Overall, Escalade, Incorporated's performance in the latest quarter reflects a decline in revenue, highlighting the need for strategies to address the softer consumer demand.

Source documents

Form 10-Q  filed on Oct 26, 2023
91 pages scanned

Reference data

Company financials Q3 revenue 73.4M
Analyst estimates Q3 EPS missed by NaN%
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