Dover Saddlery sees gains in revenue, gross profits
Equestrian products retailer Dover Saddlery of Littleton said its revenue and profits increased last year, helped by a strong holiday season.
Dover (NASDAQ: DOVR) released preliminary, unaudited results, which cited an 8.5-percent jump in revenue to about $101.8 million. Meanwhile, gross profit – revenue minus the cost of goods sold – rose 7.6 percent to $39.5 million.
Dover did not release a net income figure with the preliminary results. For 2013, the company reported net income of $1.6 million, or 30 cents per share. That was down slightly from $1.7 million in 2012.
The company, which has 25 retail stores along with its online sales channel, plans to open five to seven new stores this year. It plans to open one soon in Pittsburgh. Last month, it opened a store in Latham, N.Y., and announced the acquisition of Dressage Extensions, a specialty retailer in the equestrian dressage market, based in Moorpark, Calif.
"We closed out the year with a very strong holiday season, breaking all previous sales records," President and CEO Stephen L. Day said in a statement.
WBJ Web Partners
Most Recent
Most Recent
0 Comments