Giant Motorsports cuts cost to increase net income
August 24, 2007
Filed under Features
Giant Motorsports Inc., a powersports retailer thats stores include Chicago Cycle, reported decreased revenue but increased net income for its quarter that ended June 30.
Giant Motorsports’ quarterly revenue of $35.3 million was a 10 percent decrease from the year-ago period. But the company said it reduced expenses, resulting in income of $2.4 million, a 20 percent increase from the prior-year period.
“This increase in income from operations has been achieved through better sales execution and a keen focus on expenses,” Giant Motorsports COO Greg Haehn said in a press release.