Summer Infant's Corporate Customers have recorded an advance in their cost of revenue by 6.57 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.79 %. During the corresponding time, Summer Infant Inc. saw a revenue deteriorated by -5.02 % year on year, sequentially revenue fell by -2.63 %. While revenue at the Summer Infant Inc.'s corporate clients recorded rose by 5.36 % year on year, sequentially revenue fell by -4.52 %.
Summer Infant's Customers have recorded an advance in their cost of revenue by 6.57 % in the 1 quarter 2022 year on year, sequentially costs of revenue were trimmed by -4.79 %, for the same period Summer Infant Inc. revnue deteriorated by -5.02 % year on year, sequentially revenue fell by -2.63 %.
Summer Infant's Comment on Sales, Marketing and Customers
The juvenile product industry has many participants, none of which has dominant
market share, though certain companies may have disproportionate strength in certain
product categories. We compete with a number of different companies in a variety
of categories, although there is no single company that competes with us across
all of our product categories. Our largest direct competitors are Dorel Industries
(including Safety 1st and Cosco brands), Fisher-Price (a subsidiary of Mattel,
Inc.), The First Years (a subsidiary of Tomy Corporation), Graco (a subsidiary
of Newell Rubbermaid), Evenflow (a subsidiary of Goodbaby International Holdings,
Ltd), Motorola (a licensed brand of Binatone Communications Group), KidCo, Inc.,
and Munchkin.
The primary methods of competition in the industry consist of product innovation,
brand positioning, quality, price, and timely distribution. Our competitive
strengths include our ability to develop innovative new products, brand awareness,
our relationships with major retailers, and the quality and pricing of our products.
Summer Infant’s Comment on Sales, Marketing and Customers
The juvenile product industry has many participants, none of which has dominant
market share, though certain companies may have disproportionate strength in certain
product categories. We compete with a number of different companies in a variety
of categories, although there is no single company that competes with us across
all of our product categories. Our largest direct competitors are Dorel Industries
(including Safety 1st and Cosco brands), Fisher-Price (a subsidiary of Mattel,
Inc.), The First Years (a subsidiary of Tomy Corporation), Graco (a subsidiary
of Newell Rubbermaid), Evenflow (a subsidiary of Goodbaby International Holdings,
Ltd), Motorola (a licensed brand of Binatone Communications Group), KidCo, Inc.,
and Munchkin.
The primary methods of competition in the industry consist of product innovation,
brand positioning, quality, price, and timely distribution. Our competitive
strengths include our ability to develop innovative new products, brand awareness,
our relationships with major retailers, and the quality and pricing of our products.
Sources:
Summer Infant inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Summer Infant inc.’s corporate clients.
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