USA: Saucony Doubles Q1 Profit On Strong Sales
Athletic shoe and apparel manufacturer Saucony Inc on Wednesday revealed it doubled its first quarter net profit on the back of soaring sales and improved gross margins. The Massachusetts-based company, whose brands include Saucony, Hind and Spot-bilt, said net profit jumped to $2.6 million, or 42 cents a share, from $1.3m, or 21 cents, in the year-ago period.