Boss Holdings, Inc. Reports Earnings Results for the Full Year Ended December 25, 2021
April 15, 2022 at 02:02 pm EDT
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Boss Holdings, Inc. reported earnings results for the full year ended December 25, 2021. For the full year, the company reported sales was USD 61.13 million compared to USD 48.59 million a year ago. Net income was USD 4.8 million compared to net loss of USD 1.72 million a year ago. Basic earnings per share from continuing operations was USD 2.41 compared to basic loss per share from continuing operations of USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 2.37. Basic earnings per share was USD 2.42 compared to basic loss per share of USD 0.87 a year ago. Diluted earnings per share was USD 2.38.
Boss Holdings, Inc. is engaged in the importing, marketing and distribution of pet supplies and cell phone accessories, as well as custom imprinting of inflatable and other products for the advertising specialties industry. The Company operates through three segments: Boss Pet Products, Inc. (Boss Pet), Galaxy Balloons, Incorporated (Galaxy Balloons) and Aries Manufacturing. The Boss Pet segment distributes a range of pet products, and pet grooming tools and supplies to professional groomers, boarders, veterinarians and consumers through its Website and catalogs, as well as wholesale distribution to retailers. The Galaxy Balloons segment is a custom imprinter and wholesale distributor of promotional and specialty products. The Aries Manufacturing segment is a wholesale distributor of cell phone accessories. The Company sells its products primarily through distributors and manufacturerâs representatives and by direct marketing to consumers through an e-commerce Website.