Though annual net revenue dipped at Dallas-based b-to-b sporting goods cataloger Sport Supply Group (OTCBB: SSPY), the company managed to improve profitability, thanks chiefly to e-commerce revenue, product outsourcing, and reduced expenses.
For the year ended March 28, revenue totaled $102.6 million, down slightly from $103.6 million the prior fiscal year. The company attributes the decrease to lower sales from its team dealer business. But Sport Supply did cut its net loss 56%, to $1.6 million from $3.6 million last year.
Internet revenue increased more than 70%, to $5.3 million. The number of orders processed over the Web increased more than 112%.