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McRae Industries, Inc Reports Earnings For The Third Quarter And First Nine Months Of Fiscal 2021
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McRae Industries, Inc Government Contract Awarded
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MOUNT GILEAD, N.C., Dec. 14, 2020 /PRNewswire/
McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) reported consolidated net revenues for the first quarter of fiscal 2021 of $18,939,000 as compared to $22,674,000 for the first quarter of fiscal 2020. Net earnings for the first quarter of fiscal 2021 amounted to $494,000, or $0.21 per diluted Class A common share as compared to $992,000, or $0.42 per diluted Class A common share, for the first quarter of fiscal 2020.
FIRST QUARTER FISCAL 2021 COMPARED TO FIRST QUARTER FISCAL 2020
Consolidated net revenues totaled $18.9 million for the first quarter of fiscal 2021 as compared to $22.7 million for the first quarter of fiscal 2020. Sales related to our western/lifestyle boot products for the first quarter of fiscal 2021 totaled $12.1 million as compared to $13.9 million for the first quarter of fiscal 2020. This 13% decrease can be attributed to the effects of the coronavirus pandemic. Revenues from
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