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Net sales growth of 16% was driven by the MyMedic acquisition and a 10% increase in U.S. first aid and medical products, particularly within mass market retail channels.
The Westcott cutting tools business saw an 8% increase in the U.S. as retailers resumed seasonal promotions that were previously canceled due to tariff and cost uncertainty.
Gross margin expansion to 42.6% was primarily attributed to the high-margin direct-to-consumer profile of the newly acquired MyMedic business.
Management is actively integrating MyMedic by consolidating freight, eliminating duplicate corporate functions, and leveraging the core sourcing team to reduce product costs.
#mymedic #westcott
Net sales growth of 16% was driven by the MyMedic acquisition and a 10% increase in U.S. first aid and medical products, particularly within mass market retail channels.
The Westcott cutting tools business saw an 8% increase in the U.S. as retailers resumed seasonal promotions that were previously canceled due to tariff and cost uncertainty.
Gross margin expansion to 42.6% was primarily attributed to the high-margin direct-to-consumer profile of the newly acquired MyMedic business.
Management is actively integrating MyMedic by consolidating freight, eliminating duplicate corporate functions, and leveraging the core sourcing team to reduce product costs.
#mymedic #westcott
4 days ago
