Summer Infant's Suppliers recorded an increase in sales by 30.11 % year on year in Q1 2022, from the previous quarter, sales fell by -15.3 %, Summer Infant recorded an increase in cost of sales by 6.15 % year on year, relative to one quarter ago cost of sales fell by -3.26 % in Q1.
Summer Infant's Suppliers recorded an increase in sales by 30.11 % year on year in Q1 2022, from the previous quarter, sales fell by -15.3 %, Summer Infant recorded increase in cost of sales by 6.15 % year on year, compare to one quarter ago cost of sales fell by -3.26 % in Q1.
The majority of our products are manufactured in Asia (primarily China). We also
use several manufacturers in the United States for certain injection-molded products,
including bath tubs, potty seats and booster seats.
We are not dependent on any one supplier because we use many different manufacturers
and we own the tooling and molds used for our products. Our Hong Kong subsidiary
provides us with an Asian sourcing presence and the ability to oversee quality,
electronic engineering and other issues that may arise during production. Generally,
we buy finished goods from manufacturers, and thus do not directly procure raw
materials for product manufacturing. Historically, we have not experienced any
significant disruption of supply as a result of raw material shortages or other
manufacturing factors, but there is the possibility that shortages could occur
in the future based on a variety of factors beyond our control.
Transportation of Asian-made goods to our warehouses typically takes three
to four weeks. We also utilize a direct import program, to reduce costs and
shipping time to certain customers. Wemaintain our inventory at warehouses located
in the United States, Canada, Australia, and the United Kingdom. Most of our
customers pick up their goods at our warehouses. We also use UPS and other common
carriers to arrange shipments to customers (primarily smaller retailers and
specialty stores) that request such arrangements.
Summer Infant's Comment on Supply Chain
The majority of our products are manufactured in Asia (primarily China). We also
use several manufacturers in the United States for certain injection-molded products,
including bath tubs, potty seats and booster seats.
We are not dependent on any one supplier because we use many different manufacturers
and we own the tooling and molds used for our products. Our Hong Kong subsidiary
provides us with an Asian sourcing presence and the ability to oversee quality,
electronic engineering and other issues that may arise during production. Generally,
we buy finished goods from manufacturers, and thus do not directly procure raw
materials for product manufacturing. Historically, we have not experienced any
significant disruption of supply as a result of raw material shortages or other
manufacturing factors, but there is the possibility that shortages could occur
in the future based on a variety of factors beyond our control.
Transportation of Asian-made goods to our warehouses typically takes three
to four weeks. We also utilize a direct import program, to reduce costs and
shipping time to certain customers. Wemaintain our inventory at warehouses located
in the United States, Canada, Australia, and the United Kingdom. Most of our
customers pick up their goods at our warehouses. We also use UPS and other common
carriers to arrange shipments to customers (primarily smaller retailers and
specialty stores) that request such arrangements.
SUMR's Suppliers Net Income grew by
SUMR's Suppliers Net margin grew in Q1 to
34.09 %
15.4 %
SUMR's Suppliers Net Income grew by 34.09 %
SUMR's Suppliers Net margin grew in Q1 to 15.4 %
Summer Infant's Suppliers Sales Growth
in Q1 2022 by Industry
Sources:
Summer Infant inc.'s official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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