Escalade, Inc. earned $1.1 million, or 9 cents a share, in the fourth quarter ended Dec. 26, compared with a loss of $4.6 million in the prior-year period. Furthermore, revenues declined 11.8% to $29 million from $32.9 million in the year ago period. Citing a bad economy, the companys Sporting Goods segment reported an 11.3% slide in net revenues for the fourth quarter. 

 

The company’s operating income for the fourth quarter was $0.6 million and $2.0 million for the fiscal year, respectively, compared to operating losses of $6.4 million and $8.1 million for the comp periods in the prior year.


Sporting Goods net revenues were down 21.7% to $76.8 million for the year ended December 26 when compared to the prior-year period. ESCA said the declines are reflective of the general slowdown in the economy and tightening of credit availability which has slowed customer spending.  ESCA reported a $1.3 million profit in the Sporting Goods segment for the year, compared to a loss of $5.4 million in the previous year.


ESCA anticipates net revenue to remain relatively stable for 2010 with slight improvement to operating income.