August 10, 2010
Equestrian Supplies Retailer On An Upward Tack
By Matthew L. Brown
Dover Saddlery Inc., a Littleton-based equestrian supplies retailer, said second quarter revenue increased 3.9 percent to $19.9 million as its profit jumped 156 percent to $869,000.
During the quarter, the company launched HorsePharm, which delivers equine pharmaceuticals by mail.
For the first six months of the year, the company made a $677,000 profit compared to a $250,000 loss in the first half of 2009. Revenue for the half was $36.1 million, an increase of nearly 2 percent.
The company said its new retail stores had a strong quarter. Same-store sales increased 0.5 percent in the first half.
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