Ennis Inc. Reports Results for the Three and Nine Months Ending Nov. 30
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Ennis%20Inc.<%2Fa>%20released%20its%20latest%20financial%20results%20that%20include%20its%20third%20quarter,%20which%20ended%20Nov.%2030,%20and%20the%20combined%20statistics%20for%20the%20period%20that%20includes%20the%20first%20three%20quarters%20of%20the%20fiscal%20year.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fennis-inc-reports-results-three-nine-months-ending-nov-30%2F" target="_blank" class="email" data-post-id="1797" type="icon_link">
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"During the third quarter, we faced increased pricing pressures due to competitors' discounting. Whether this discounted pricing, which we believe is driven by a desire to maintain certain production volumes, will continue into the next calendar year or not is unknown."
The company’s consolidated net sales for the quarter were $136.6 million compared to $129 million for the same quarter last year. Print sales were up 10.1 percent on a comparable quarter basis, from $81.5 million to $89.7 million. Apparel sales decreased 1.1 percent for the comparable quarter, from $47.4 million to $46.9 million. Although apparel unit sales were up 5.5 percent for the quarter, average selling price was down 6.6 percent.
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