High-fidelity headphone maker Koss Q2 net sales fall, swings to net loss
Overview
High-fidelity headphone maker's Q2 net sales fell 19.6% yr/yr
Company posted Q2 net loss compared to net income last year
Gross margins fell due to high tariffs on Chinese products
Outlook
Company did not provide specific future guidance in its press release
Result Drivers
EDUCATION MARKET - Strong sales gains in the education market compared to the prior year, according to CEO Michael J. Koss
DTC GROWTH - Direct-to-consumer sales grew 13% year-over-year, now comprising 25% of total sales
TARIFF IMPACT - Gross margins fell due to high tariffs on Chinese imports, partially offset by favorable customer mix
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| -$0.06 |
|
Press Release: ID:nGNX2ffxMn
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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