reports
Kids2 Acquires Summer Infant, Creating Powerhouse of Parenting Solutio...
Kids2 Acquires Summer Infant, Creating Powerhouse of Parenting Solutions It’s all in the family: Baby Einstein®, Ingenuity®, Bright Starts® and Summer Infant® Brands ATLANTA, June 22, 2022 (GLOBE NEWSWIRE) -- , a global company that designs holistic solutions to help early-stage parents and families, today announced the acquisition of Summer Infant, a leader in premium infant and juvenile products. Summer Infant®, which includes SwaddleMe®, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein®, Ingenuity®, and Bright Starts®. “As we look toward the future...
SUMR Brands Stockholders Approve Acquisition by Kids2
SUMR Brands Stockholders Approve Acquisition by Kids2 WOONSOCKET, R.I., June 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands (“SUMR Brands” or the “Company”) (NASDAQ: SUMR), today announced that its stockholders have voted at a special meeting to adopt the previously announced definitive merger agreement pursuant to which the Company will be acquired by Kids2, Inc. The final voting results for each proposal voted on at the special meeting will be set forth in a Form 8-K filed by the Company with the U.S. Securities and Exchange Commission. “We want to than...
SUMR Brands Reports 2022 First Quarter Results
SUMR Brands Reports 2022 First Quarter Results Transaction with Kids2 Targeted to Close in Second Quarter WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company’s ability to meet demand in certain segmentsSUMR reported a ne...
SUMR Brands Reports 2021 Fourth Quarter Results
SUMR Brands Reports 2021 Fourth Quarter Results Transaction with Kids2 Approved by Company’s Board of Directors;Closing Expected Second Quarter WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal fourth quarter ended January 1, 2022. Recent Highlights The Company announced today that it had reached a definitive merger agreement with Kids2, Inc. (“Kids2”) pursuant to which Kids2 will acquire, subject to satisfaction...
Kids2, Inc. to Acquire SUMR Brands
Kids2, Inc. to Acquire SUMR Brands WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. (“Kids2”), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company’s stockholders will r...
SUMR Brands Reports 2021 Third Quarter Results
SUMR Brands Reports 2021 Third Quarter Results Revenue Growth Both Sequentially & Year-over-Year; EPS $0.12 Management of Supply Chain Issues Continues WOONSOCKET, R.I., Nov. 10, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal third quarter ended October 2, 2021. Recent Highlights Net sales were $41.6 million in the third quarter versus $40.7 million in the prior-year period, with higher revenue driven by strong consumer demand across the Comp...
SUMR Brands to Hold Conference Call for Third Quarter Financial Result...
SUMR Brands to Hold Conference Call for Third Quarter Financial Results on November 11, 2021 WOONSOCKET, R.I., Nov. 02, 2021 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company’s fiscal 2021 third quarter on November 11, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available...
SUMR Brands Reports 2021 Second Quarter Results
SUMR Brands Reports 2021 Second Quarter Results Supply Chain Challenges Remain; Top Line Outlook Improving; Strong Demand for Products Continues WOONSOCKET, R.I., Aug. 16, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal second quarter ended July 3, 2021. Recent Highlights Net sales were $30.6 million in the second quarter versus $38.2 million in the prior-year period, with lower revenue r...
SUMR Brands to Hold Conference Call for Second Quarter Financial Resul...
SUMR Brands to Hold Conference Call for Second Quarter Financial Results on August 17, 2021 WOONSOCKET, R.I., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company’s fiscal 2021 second quarter on August 17, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available o...
SUMR Brands Expands Product Team
SUMR Brands Expands Product Team WOONSOCKET, R.I., Aug. 02, 2021 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, announced today that Michael Silverman and Kim Ashley have joined the Company as Vice Presidents of Product. Michael will be primarily responsible for conceiving and executing the Company’s new pet brand while supporting juvenile and managing the Company’s product development team. Kim will be primarily responsible for driving growth in SUMR’s juvenile categories and will manage SUMR’s fashion team. ...
SUMR Brands Reports 2021 First Quarter Results
SUMR Brands Reports 2021 First Quarter Results First Quarter EPS $0.12; Deleveraging Continues; Company Working Through Supply Chain Challenges WOONSOCKET, R.I., May 18, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 3, 2021. Recent Highlights Net sales were $36.2 million in the first quarter versus $40.3 million in the prior-year period, with the decline reflecting ongoing supply chain constraints and logistical is...
SUMR Brands to Hold Conference Call for First Quarter Financial Result...
SUMR Brands to Hold Conference Call for First Quarter Financial Results on May 19, 2021 WOONSOCKET, R.I., May 04, 2021 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company’s fiscal 2021 first quarter on May 19, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Com...
SUMR Brands Reports Fourth Quarter and Fiscal Year 2020 Results
SUMR Brands Reports Fourth Quarter and Fiscal Year 2020 Results Full Year Net Loss of $1.1 Million; Adjusted EBITDA of $12.2 Million, Up 72% over Fiscal 2019; Debt Reduced by $17.7 Million, to $30.9 Million WOONSOCKET, R.I., March 16, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fourth quarter and full year ended January 2, 2021. Recent Highlights Net sales were $36.0 million in the fourth quarter versus $42.7 million in the prior-year period and ...
SUMR Brands to Hold Conference Call for Fourth Quarter Financial Resul...
SUMR Brands to Hold Conference Call for Fourth Quarter Financial Results on March 17, 2021 WOONSOCKET, R.I., March 03, 2021 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company’s fiscal 2020 fourth quarter on March 17, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on...
SUMR Brands Announces CFO Retirement and Transition
SUMR Brands Announces CFO Retirement and Transition WOONSOCKET, R.I., Feb. 17, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced that its Chief Financial Officer, Edmund J. Schwartz, will be retiring. Schwartz will step down from his role as CFO on March 19, 2021, following the completion of the Company’s audit for fiscal year 2020, and will continue to consult with the Company through the end of March to allow for a smooth and orderly transition. Bruce Meier, managing director ...
Stuart Noyes Named CEO of SUMR Brands and Appointed to Board of Direct...
Stuart Noyes Named CEO of SUMR Brands and Appointed to Board of Directors WOONSOCKET, R.I., Dec. 01, 2020 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced that its Board of Directors has named Stuart Noyes of Winter Harbor, LLC as Chief Executive Officer and appointed him to the Company’s Board of Directors. Noyes has served as the Company’s Interim Chief Executive Officer since December 16, 2019. “We are delighted to announce that Stuart has accepted the position of CEO, and we w...
SUMR Brands Reports Third Quarter Results
SUMR Brands Reports Third Quarter Results Debt Refinancing Completed WOONSOCKET, R.I., Nov. 10, 2020 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the third quarter ended September 26, 2020. Recent Highlights SUMR Brands reported net sales of $40.7 million in the third quarter versus $41.5 million in the prior-year period, reflecting higher demand across many of the Company’s core product categories largely offsetting the impact from COVID-19 on certain br...
SUMR Brands to Hold Conference Call for Third Quarter Financial Result...
SUMR Brands to Hold Conference Call for Third Quarter Financial Results on November 12, 2020 WOONSOCKET, R.I., Oct. 21, 2020 (GLOBE NEWSWIRE) -- SUMR Brands (“SUMR Brands” or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company’s fiscal 2020 third quarter on November 12, 2020 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available...
SUMR Brands Closes on New Credit Agreement for Future Growth, Reflecti...
SUMR Brands Closes on New Credit Agreement for Future Growth, Reflecting Improved Operating Performance New Agreement Expected to Reduce Annual Interest Cost by Approximately $2 Million WOONSOCKET, R.I., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Brands ("SUMR" or the "Company") (NASDAQ: ), a global leader in premium infant and juvenile products, today announced that it has entered into a Third Amended and Restated Loan and Security Agreement with Bank of America, N.A. (the “Credit Facility”) that replaces its prior $48.0 million asset-based revolving credit facility (“ABL”) with Bank of Americ...
SUMR Brands Reports Second Quarter Results
SUMR Brands Reports Second Quarter Results Company Earns $0.61 Per Share; Restructuring on Track; Debt Reduced by More than $9 Million as Outlook Strengthens WOONSOCKET, R.I., Aug. 11, 2020 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the second quarter ended June 27, 2020. Recent Highlights Net sales were $38.2 million in the second quarter versus $46.4 million in the prior-year period, reflecting the impact of COVID-19 on certain retail availability as w...
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