MasterCraft (MCFT) Misses Q2 EPS by 4c

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MasterCraft Reports Fiscal 2017 Second-Quarter and Year-To-Date Results

February 9, 2017 4:05 PM EST

VONORE, Tenn., Feb. 09, 2017 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced financial results for its fiscal 2017 second quarter ended January 1, 2017.

Highlights:

Company launches XT21, an agile new mid-sized multi-purpose crossover boatNet sales for the second quarter declined 7.4 percent compared to the prior-year, while net sales year-to-date rose slightly to $111.8 million, up from $111.2 million in the prior-year period in line with the Companys guidanceGross margin rose 10 basis points to 27.9 percent for the second quarter, up from 27.8 percent in the prior-year period, and up 60 basis points... More