McRae Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 29, 2023
June 12, 2023 at 08:02 am EDT
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McRae Industries, Inc. reported earnings results for the third quarter and nine months ended April 29, 2023. For the third quarter, the company reported sales was USD 31.51 million compared to USD 32.77 million a year ago. Net income was USD 2.08 million compared to USD 2.55 million a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 1.13 a year ago.
For the nine months, sales was USD 96.06 million compared to USD 91.79 million a year ago. Net income was USD 6.67 million compared to USD 7.31 million a year ago. Diluted earnings per share from continuing operations was USD 2.94 compared to USD 3.23 a year ago.
McRae Industries, Inc. is a manufacturer and distributor of childrenâs shoes. The Companyâs principal lines of business are manufacturing and selling military combat boots, western and work boots. The Company is involved in manufacturing, selling and distributing boot products targeted to the western/lifestyle and work boot markets. The Company also operates other smaller businesses. Its western/lifestyle boot segment, which includes western, ladiesâ fashion, and childrenâs footwear products under the Dan Post, Dingo, Eldorado, and Laredo brand names. Its work boot segment, which consists of Dan Post and Laredo work boots, as well as its military combat boots. McRae Footwear is a wholly owned division of the Company, which manufactures boots for the United States military. The Dingo offers boots and shoes from biker/harness styles to western fashion.
MCRAE INDUSTRIES, INC. 
