Dover Saddlery (DOVR) Report Prelim. 8.5% Increase in FY14 Revenue

Dover Saddlery (NASDAQ: DOVR) announced certain preliminary, unaudited 2014 financial results. Preliminary unaudited revenues for 2014 increased 8.5% to approximately $101.8 million from $93.8 million achieved in 2013. Gross profit in 2014 increased 7.6% to $39.5 from $36.7 million achieved in the previous year.

"We closed out the year with a very strong holiday season, breaking all previous sales records," said Stephen L. Day, president and CEO of Dover Saddlery. "As we continue to execute our omni-channel expansion plan, we are looking forward to opening 5 to 7 new stores in this year."

Business Outlook 2015

Until there is greater long-term visibility on sustainable economic conditions and consumer behavior, the Company does not plan to provide other guidance on future business prospects.

You May Also Be Interested In

• Novartis hikes full-year guidance as Q1 results exceed estimates, shares pop
• Hexcel Corp. (HXL) Tops Q1 EPS by 2c, Offers Guidance
• Cleveland-Cliffs Q1 results miss estimates on hit from buyers strike