SUMR - Earnings announcements

WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company's ability to meet demand in certain segmentsSUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expense

WOONSOCKET, R.I., March 17, 2022 /PRNewswire-PRWeb/ -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's

Transaction with Kids2 Approved by Company's Board of Directors;Closing Expected Second Quarter WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal fourth quarter ended January 1, 2022. Recent Highlights The Company announced today that it had reached a definitive merger agreement with Kids2, Inc. ("Kids2") pursuant to which Kids2 will acquire, subject to satisfaction of certain conditions, all issued and outstanding common stock of SUMR for $12.00 cash per share; the transaction has been unanimously approved by the

WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's

WOONSOCKET, R.I., Nov. 10, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal third quarter ended October 2, 2021. Recent Highlights Net sales were $41.6 million in the third quarter versus $40.7 million in the prior-year period, with higher revenue driven by strong consumer demand across the Company's core products, even in the face of ongoing supply chain constraints and lingering pandemic-related issues; SUMR was successful in shifting certain domestic sales to direct-import, avoiding some of the logistical bottlenecks the Company otherwise experi

WOONSOCKET, R.I., Nov. 02, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 third quarter on November 11, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium

Supply Chain Challenges Remain; Top Line Outlook Improving; Strong Demand for Products Continues WOONSOCKET, R.I., Aug. 16, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal second quarter ended July 3, 2021. Recent Highlights Net sales were $30.6 million in the second quarter versus $38.2 million in the prior-year period, with lower revenue reflecting global supply chain constraints and logistical issues that resulted in missed shipment opportunities even as customer demand remained strongAg

WOONSOCKET, R.I., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 second quarter on August 17, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium j