The Hockey Company Holdings Inc. reported net income for the second quarter came in at $4.4 million, or 54 cents a share, compared with a year-ago loss of $300,000, or 5 cents a share. Gross margins improved 130 basis points to 46.7%. Net sales increased 17.4% to $52.3 million versus $44.6 million in the year-ago period.
First half net sales were up 14.5% to $90.1 million. Net income for the first half amounted to $5.4 million, or 70 cents per share, compared with a loss in the prior year of $4.0 million, or 55 cents per share.
Year-to-date sales growth has been driven largely by the equipment segment. Apparel sales were down slightly against a year ago, directly attributable to the small market teams making the final rounds of the NHL playoffs. Canada and Europe performed well, but the U.S. was flat.
