Sporting goods manufacturer Escalade reported a year-over-year 28.2 per cent slump in net sales in the second quarter.

For the quarter ended June 30, Escalade posted net income of $3.6 million, a decline of $2.1 million year on year.

The decline was attributed to reduced post-pandemic consumer demand, together with 21 fewer days in the company’s new reporting calendar.

Excluding the impact of the change in the reporting calendar, sales were down 9.5 per cent year on year.

The firm generated $8.4 million of cash flow from operations in Q2, a year-over-year increase of $5.9 million, while EBITDA dropped 25.9 per cent to $7.7 million.

“Recovering from a challenging start to the year and our disappointing first quarter, I am proud that our team demonstrated resilience and delivered strong second-quarter results,” said Walter Glazer, president and CEO of Escalade.

For the second half of the year, the company will remain focused on a combination of cost control, improved working capital management, and balance sheet optimization, Glazer added.

Founded in 1922 and based in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. Its brands include Brunswick Billiards; Stiga table tennis; Accudart; Rave Sports water recreation; Victory Tailgate custom games; Onix pickleball; Goalrilla basketball; Lifeline fitness; Woodplay playsets; and Bear Archery.