March 22, 2007
Acquisition good horse sense for Littleton co.
By Matthew L. Brown
Dover Saddlery Inc. of Littleton announced 2006 net income of $1.4 million on revenue of $73 million.
Dover's net income for 2006 was up 69 percent over the previous year, and revenue was up 17 percent.
For the fourth quarter of 2006, Dover's revenue increased 16 percent to $21 million.
The company's retail store revenue for 2006 increased 38 percent to $12.8 million.
Dover attributed the increase to its acquisition of Dominion Saddlery in June for $1.5 million, and the opening of two new Dover Saddlery stores.
Direct sales revenue for Dover increased 13 percent over the previous year to $60.2 million.
Dover Saddlery is a direct marketer of equestrian products, and was founded in Wellesly in 1975.
Dover's net income for 2006 was up 69 percent over the previous year, and revenue was up 17 percent.
For the fourth quarter of 2006, Dover's revenue increased 16 percent to $21 million.
The company's retail store revenue for 2006 increased 38 percent to $12.8 million.
Dover attributed the increase to its acquisition of Dominion Saddlery in June for $1.5 million, and the opening of two new Dover Saddlery stores.
Direct sales revenue for Dover increased 13 percent over the previous year to $60.2 million.
Dover Saddlery is a direct marketer of equestrian products, and was founded in Wellesly in 1975.
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