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Onkyo Technology KK

Voxx Int’l Fiscal 3rd Quarter Sales Drop 25.4%; Profits Up on Cost Cutting

January 11, 2023 by Ted Leave a Comment

cover of Voxx investor presentation

CEO Says Onkyo AVRs Offered to Costco This Year

Citing the “current state of the global economies” and “ongoing supply chain issues” Voxx International (NASDAQ: VOXX) reported the results of their fiscal 2023, third quarter this week and it was a story of more of the same, perhaps intensifying, business challenges that they identified when the company announced its second-quarter results. All of its major business segments reported sales declines – dropping double-digit percentages – with overall sales dropping 25.4% year-over-year. But the company said profits increased on aggressive cost cutting.

Learn more about Voxx Int’l fiscal 2023 third quarter performance

[Read more…] about Voxx Int’l Fiscal 3rd Quarter Sales Drop 25.4%; Profits Up on Cost Cutting

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: Integra, Onkyo, Onkyo Technology KK, Pat Lavelle, Pioneer, Pioneer Elite, Premium Audio Company, quarterly earnings, Sharp Corp., Voxx International

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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