The company’s consolidated net sales for the quarter were $135.3 million compared to $138.3 million for the same quarter last year. Print sales were down 8.2 percent on a comparable quarter basis, from $86.1 million to $79.0 million. Apparel sales increased 7.6 percent (volume up 12.7 percent and selling price per unit down 4.9 percent) for the comparable quarter, from $52.3 million to $56.3 million. Consolidated gross profit margin (“margin”) for the quarter increased 260 basis points from 24.5 percent, for the same quarter last year, to 27.1 percent. For a quarter comparison basis, print margin remained relatively stable at 30.0 percent plus, while apparel margin increased from 14.4 percent to 23.1 percent. Apparel margin continued to increase on both a comparable and sequential quarter basis, due to lower input costs and higher production levels. As a result, net earnings increased from $7.6 million, or 5.5 percent of net sales, for the quarter ended Aug. 31, 2012 to $9.8 million, or 7.2 percent of net sales, for the quarter ended Aug. 31, 2013. Diluted earnings per share increased 31.0 percent from $0.29 for the 2012 quarter to $0.38 for the 2013 quarter.
- Companies:
- Ennis
- Places:
- Midlothian, Texas