Briscoe says first-half profit rose at least 8.1%, outpacing growth in sales

Wed, 29 Jul 2015

By Paul McBeth July 30 (BusinessDesk) - Briscoe Group, the retail chain mounting a hostile takeover of Kathmandu Holdings, says first-half profit rose at least 8.1 percent, outpacing sales growth in the period, as the company continued to fatten its margins. The company expects to report net profit of at least $20 million in the six months ending July 26, up from $18.5 million a year earlier. That outpaced the 5.4 percent gain in first-half sales to $244 million, driven by a 10 percent gain in sporting goods sales and a revenue gain of 3...

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