Saddlery Horse

Saddlery Horse

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Purple FOAL Breakaway Leather Crown Halter Runn horses
Purple FOAL Breakaway Leather Crown Halter Runn horses
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New FOAL Breakaway Leather Crown Halter Running horses
New FOAL Breakaway Leather Crown Halter Running horses
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New FOAL Breakaway SAFETY Leather Crown Halter BROWN
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Western Black Grey Pepper Cowboy Horse Rope Halter
Western Black Grey Pepper Cowboy Horse Rope Halter
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New DRAFT HORSE Halter double ply BLACK WHIT Striped
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PINK FOAL Breakaway Leather Crown Halter Running horses
PINK FOAL Breakaway Leather Crown Halter Running horses
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BLACK AND WHITE ROPE HALTER WITH MACHING LEAD
BLACK AND WHITE ROPE HALTER WITH MACHING LEAD
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Camelot Saddlery FULL Size Leather Halter Brown 1
Camelot Saddlery FULL Size Leather Halter Brown 1
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NYLON HORSE HALTER NAVY BLUE full size
NYLON HORSE HALTER NAVY BLUE full size
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LIGHT GREEN ROPE HALTER WITH MACHING LEAD
LIGHT GREEN ROPE HALTER WITH MACHING LEAD
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NEW GREEN Pony Horse 26 Lunge Line Lead w snap hook
NEW GREEN Pony Horse 26 Lunge Line Lead w snap hook
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New FUSHIA Pony Horse 26 Lunge Line Lead w snap hook
New FUSHIA Pony Horse 26 Lunge Line Lead w snap hook
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New BEIGE Pony Horse 26 Lunge Line Lead w snap hook
New BEIGE Pony Horse 26 Lunge Line Lead w snap hook
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CRIMSON RED Pony Horse 26 Lunge Line Lead w snap hook
CRIMSON RED Pony Horse 26 Lunge Line Lead w snap hook
Paypal   US $16.99
PINK Pony Horse Lunge Line Lead w snap hook
PINK Pony Horse Lunge Line Lead w snap hook
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COMBO 2 Red Horse Halters and Matching Lead Line
COMBO 2 Red Horse Halters and Matching Lead Line
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Reinsman Nylon Halter with leather crown Horse Size
Reinsman Nylon Halter with leather crown Horse Size
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Fashion Nylon Halter Size Mini Color Purple Leopard
Fashion Nylon Halter Size Mini Color Purple Leopard
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Fashion Nylon Halter Size Full Size Color Teal Plaid
Fashion Nylon Halter Size Full Size Color Teal Plaid
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Walsh Neck Wrap w Sheepskin Lining New
Walsh Neck Wrap w Sheepskin Lining New
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New Leather Horse Bronco Halter med light color
New Leather Horse Bronco Halter med light color
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New Leather Horse Bronco Halter hide w hair nose piece
New Leather Horse Bronco Halter hide w hair nose piece
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Nylon Padded Halter Horse Size
Nylon Padded Halter Horse Size
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LEATHER LEAD SHANK WITH 30 SOLID BRASS CHAIN NEW HORSE
LEATHER LEAD SHANK WITH 30 SOLID BRASS CHAIN NEW HORSE
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Saddlery Horse

Dover Saddlery, Inc. (NASDAQ: DOVR) $19M (MarketCap) Trading up +23%

Founded in 1975 in Wellesley, Massachusetts, by United States Equestrian team members, Dover Saddlery, Inc. (NASDAQ: DOVR) is the leading multi-channel retailer of equestrian products in the United States. Dover offers a broad selection of competitively priced, brand-name products for horse and rider through catalogs, the Internet, and company-owned retail stores. When the right product at the right price is not to be found in the marketplace, Dover takes it upon itself to develop its own version by working closely with world-class competitive riders. In this way, the company has developed many unique products, from superior lungeing equipment to its Riders International blankets and its elegant bridlework. Anything you could possibly need in the equestrian world, Dover has it; ranging from riding apparel to horse care, stable supplies, and even books and videos on riding. The company is trading up 23% today at $3.95.

On May 11th, Dover Sadderly reported its 2010 first quarter financial results. Gross profit, as a percentage of revenues, for the three months ended March 31, 2010 was 36.0% compared to 34.7% for the corresponding period in 2009. This increase in gross profit as a percentage of revenues was attributable to variations in their overall product mix. As a percentage of revenues, SG&A expenses were reduced to 36.3% of revenues, from 40.0% of revenues for the corresponding period in 2009. Cost reductions in marketing catalog costs and labor offset planned increases in facility costs and store opening costs in support of retail market channel revenue growth. The net loss for the first quarter of 2010 improved 67% to $(193,000), compared to $(590,000) in the first quarter of 2009. This reduction in the net loss of 67% was due primarily to improved margins and substantial reductions in SG&A spending. The company reported EPS to be (4c), up 63.64% from (11c) a year ago. This resulted in beating the earnings consensus by 20%, which was estimated to be (5c).

 

 

"Our stringent cost-cutting measures are continuing to produce improvements to the bottom line," commented Stephen L. Day, president and CEO of Dover Saddlery. "The first quarter was marked by a relatively weak start, but a much stronger final month, when we mailed our new Annual Catalogs, which have been very well received. I am pleased to say that the momentum started in March is continuing as show season is now in full swing."

 

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