Q.E.P. Co., Inc. Reports Fiscal 2025 First Quarter Financial Results
Q.E.P. CO INC (QEPC)
US:NASDAQ Investor Relations:
qepcorporate.com/investors.php
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., July 15, 2024 (GLOBE NEWSWIRE) -- Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for the first quarter of fiscal year 2025, which ended on May 31, 2024. During the prior fiscal year, QEP completed several strategic divestments to streamline operations and concentrate resources on its core product lines in the North American market. These divestments included the sale of the Company’s Harris Flooring Group in North America and the Company’s businesses in the United Kingdom, Australia and New Zealand. These divested operations have been classified as discontinued operations in our financial statements for all periods presented. QEP reported net sales of $63.5 million for the quarter ended May 31, 2024, a decrease of $2.5 million or 3.7% from the $66.0 million reported for the first quarter of fiscal 2024, which was primarily due to continued softening of consumer demand across multiple product categ
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