Collegiate Pacific reported fourth-quarter net income of $923,000, a 48% increase over the same period last year.
The institutional sporting goods cataloger reported that its net sales had risen by 170% to $18.2 million.
Earlier this year, Collegiate acquired Dixie Sporting Goods, Tomark Sports and Kesslers Sporting Goods (Direct Newsline, June 21).
“Achieving this level of performance while simultaneously bringing Tomark, Kesslers and now Dixie onto our operating platform is gratifying, and a testament to the dedicated and hard working employee base at Collegiate Pacific,” said Michael Blumenfeld, CEO of the Dallas-based company in a statement.
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