Company increases full year 2014 Sales and EPS guidance
Second Quarter Highlights:
Net income increased 21% to $96.9 million and earnings per diluted share increased 26% to $1.42 compared to the second quarter last year with sales increasing 20% to $1,014.0 million, setting records for second quarter sales and earnings.
North American retail sales improved significantly, rising 15% year-over-year in the second quarter.
Gross profit margins increased 20 bpts over second quarter last year in spite of currency pressures.
Raising guidance for full year 2014 earnings to a range of $6.48 to $6.58 per diluted share, up 20% to 22% over 2013 based on expected full year 2014 sales growth of 16% to 18%.