Summer Infant, Inc., together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products. It offers audio and video monitors; and gates, potties, entertainers, baby monitors, bath products, specialty blankets, strollers, car seats, and travel systems, as well as baby gear products under the Summer and SwaddleMe brand names. The company sells its products directly to retailers through own direct sales force and a network of independent manufacturers' representatives and distributors; and through partner's websites and its summerinfant.com website, as well as through international distributors, representatives, and to retail customers. It operates in the United States, Canada, Europe, South America, Mexico, Asia, and the Middle East. Summer Infant, Inc. was founded in 1985 and is headquartered in Woonsocket, Rhode Island.
IPO Year:
Exchange: NASDAQ
Website: summerinfant.com
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ATLANTA, June 22, 2022 (GLOBE NEWSWIRE) -- Kids2, a global company that designs holistic solutions to help early-stage parents and families, today announced the acquisition of Summer Infant, a leader in premium infant and juvenile products. Summer Infant®, which includes SwaddleMe®, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein®, Ingenuity®, and Bright Starts®. "As we look toward the future and the changing landscape and needs of parents, we're excited to have the opportunity to grow with the addition of the Summer Infant brand to expand the holistic solutions we offer to families across the globe," said Ryan Gunnigle, CEO of Kids2. "Together, Kids2 a
WOONSOCKET, R.I., June 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), today announced that its stockholders have voted at a special meeting to adopt the previously announced definitive merger agreement pursuant to which the Company will be acquired by Kids2, Inc. The final voting results for each proposal voted on at the special meeting will be set forth in a Form 8-K filed by the Company with the U.S. Securities and Exchange Commission. "We want to thank our stockholders for their support of our transaction with Kids2," said Stuart Noyes, the Company's CEO. "Their vote of confidence was pivotal to closing th
WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company's ability to meet demand in certain segmentsSUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expense
WOONSOCKET, R.I., March 17, 2022 /PRNewswire-PRWeb/ -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's
Transaction with Kids2 Approved by Company's Board of Directors;Closing Expected Second Quarter WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal fourth quarter ended January 1, 2022. Recent Highlights The Company announced today that it had reached a definitive merger agreement with Kids2, Inc. ("Kids2") pursuant to which Kids2 will acquire, subject to satisfaction of certain conditions, all issued and outstanding common stock of SUMR for $12.00 cash per share; the transaction has been unanimously approved by the
WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's
WOONSOCKET, R.I., Nov. 10, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal third quarter ended October 2, 2021. Recent Highlights Net sales were $41.6 million in the third quarter versus $40.7 million in the prior-year period, with higher revenue driven by strong consumer demand across the Company's core products, even in the face of ongoing supply chain constraints and lingering pandemic-related issues; SUMR was successful in shifting certain domestic sales to direct-import, avoiding some of the logistical bottlenecks the Company otherwise experi
WOONSOCKET, R.I., Nov. 02, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 third quarter on November 11, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium
Supply Chain Challenges Remain; Top Line Outlook Improving; Strong Demand for Products Continues WOONSOCKET, R.I., Aug. 16, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal second quarter ended July 3, 2021. Recent Highlights Net sales were $30.6 million in the second quarter versus $38.2 million in the prior-year period, with lower revenue reflecting global supply chain constraints and logistical issues that resulted in missed shipment opportunities even as customer demand remained strongAg
WOONSOCKET, R.I., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 second quarter on August 17, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium j
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ATLANTA, June 22, 2022 (GLOBE NEWSWIRE) -- Kids2, a global company that designs holistic solutions to help early-stage parents and families, today announced the acquisition of Summer Infant, a leader in premium infant and juvenile products. Summer Infant®, which includes SwaddleMe®, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein®, Ingenuity®, and Bright Starts®. "As we look toward the future and the changing landscape and needs of parents, we're excited to have the opportunity to grow with the addition of the Summer Infant brand to expand the holistic solutions we offer to families across the globe," said Ryan Gunnigle, CEO of Kids2. "Together, Kids2 a
WOONSOCKET, R.I., May 17, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company's ability to meet demand in certain segmentsSUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expense
WOONSOCKET, R.I., March 17, 2022 /PRNewswire-PRWeb/ -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's
Transaction with Kids2 Approved by Company's Board of Directors;Closing Expected Second Quarter WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal fourth quarter ended January 1, 2022. Recent Highlights The Company announced today that it had reached a definitive merger agreement with Kids2, Inc. ("Kids2") pursuant to which Kids2 will acquire, subject to satisfaction of certain conditions, all issued and outstanding common stock of SUMR for $12.00 cash per share; the transaction has been unanimously approved by the
WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's
WOONSOCKET, R.I., Nov. 10, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal third quarter ended October 2, 2021. Recent Highlights Net sales were $41.6 million in the third quarter versus $40.7 million in the prior-year period, with higher revenue driven by strong consumer demand across the Company's core products, even in the face of ongoing supply chain constraints and lingering pandemic-related issues; SUMR was successful in shifting certain domestic sales to direct-import, avoiding some of the logistical bottlenecks the Company otherwise experi
WOONSOCKET, R.I., Nov. 02, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 third quarter on November 11, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium
Supply Chain Challenges Remain; Top Line Outlook Improving; Strong Demand for Products Continues WOONSOCKET, R.I., Aug. 16, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal second quarter ended July 3, 2021. Recent Highlights Net sales were $30.6 million in the second quarter versus $38.2 million in the prior-year period, with lower revenue reflecting global supply chain constraints and logistical issues that resulted in missed shipment opportunities even as customer demand remained strongAg
WOONSOCKET, R.I., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a global leader in premium juvenile products, today announced that it will host a conference call to discuss financial results for the Company's fiscal 2021 second quarter on August 17, 2021 at 9:00 a.m. Eastern Time. To listen to the call, visit the Investor Relations section of the Company's website at www.sumrbrands.com or dial 844-834-0642 or 412-317-5188. An archive of the webcast will be available on the Company's website afterwards, and results will be issued prior to the call. About SUMR BrandsBased in Woonsocket, Rhode Island, the Company is a global leader of premium j
-SEC Filing
Summer Infant Inc (NASDAQ:SUMR) reported a first-quarter FY22 sales decline of 5% year-on-year to $34.38 million, versus $36.20 million the previous year. The company attributed the revenue decline to ongoing supply chain disruptions, including some COVID-19 caused production delays. The gross profit decreased 31.8% Y/Y to $7.3 million and the profit margin contracted by 830 basis points to 21.1%. The operating loss for the quarter was $(3.5) million versus an operating income of $0.7 million last year. The company held $0.6 million in cash and equivalents as of April 2, 2022. Adjusted EBITDA was a $(1.1) million loss versus $2.1 million a year ago. Adjusted EBITDA margin was (3.1)% v
Summer Infant (NASDAQ:SUMR) reported quarterly losses of $(1.81) per share. This is a 1608.33 percent decrease over earnings of $0.12 per share from the same period last year. The company reported $34.38 million in sales this quarter. This is a 5.02 percent decrease over sales of $36.20 million the same period last year.
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Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's common stock on March 15, 2022. The transaction has be
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Summer Infant (NASDAQ:SUMR) reported quarterly losses of $(2.20) per share. This is a 315.09 percent decrease over losses of $(0.53) per share from the same period last year. The company reported $35.30 million in sales this quarter. This is a 2.06 percent decrease over sales of $36.04 million the same period last year.
Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. (“Kids2”), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company’s stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company’s common stock on March 15, 2022. The transaction has bee
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