- Summer Infant (NASDAQ:SUMR -1.7%) reports revenue rose 3% in Q4 due to higher shipments of strollers, gates, and potties.
- Gross margin rate slipped 160 bps to 29.8% for the quarter.
- G&A expense rate improved 500 bps to 18.8%.
- Adjusted EBITDA expanded 107.4% to $1.8M.
- Previously: Summer Infant misses by $0.06, misses on revenue (Feb. 20)