McRae Industries Q1 FY21 gross sales drop to $19 mn

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Pic: McRae Industries/ Dan Publish

McRae Industries, a US-based producer of fight boots and western footwear, has reported web revenues lower to $18.9 million in its first quarter (Q1) for FY21 ended on October 31, 2020 in comparison with the gross sales of $22.6 million in the identical interval prior 12 months. Firm’s web earnings for the interval was $zero.5 million (Q1 FY20: $zero.9 million).

 

Gross revenue for the reported quarter was $5.zero million ($5.6 million). Promoting, normal and administrative bills was $four.three million ($four.four million). Firm’s working revenue dropped to $zero.6 million ($1.1 million).

 

Gross sales associated to group’s western/way of life boot merchandise have been $12.1 million ($13.9 million) as a result of results of the coronavirus pandemic. Whereas revenues from work boot merchandise decreased from $9.zero million in Q1 FY20 to $7.zero million within the reported quarter as a result of decreased navy boot gross sales offset by a rise in Dan Publish work boot gross sales.

Fibre2Fashion Information Desk (JL)


McRae Industries, a US-based producer of fight boots and western footwear, has reported web revenues lower to $18.9 million in its first quarter (Q1) for FY21 ended on October 31, 2020 in comparison with the gross sales of $22.6 million in the identical interval prior 12 months. Firm’s web earnings for the interval was $zero.5 million (Q1 FY20: $zero.9 million).





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