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VOXX International Q3 sales $191.9 million

Christian Fernsby |
VOXX International announced its financial results for its fiscal 2022 third quarter ended November 30, 2021.

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Topics: VOXX INTERNATIONAL   

Net sales in the Fiscal 2022 third quarter ended November 30, 2021, were $191.9 million as compared to net sales of $201.1 million in the Fiscal 2021 third quarter ended November 30, 2020, a decrease of $9.2 million or 4.6%.

The gross margin in the Fiscal 2022 third quarter was 26.9% as compared to 28.9% in the Fiscal 2021 third quarter, a decline of 200 basis points.

Total operating expenses in the Fiscal 2022 third quarter were $43.9 million as compared to $40.0 million in the comparable Fiscal 2021 period, an increase of $3.9 million. The additional expenses are related to the Onkyo acquisition, which was completed in the Fiscal 2022 third quarter.
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