BOCA RATON, Fla.-- Q.E.P. Co. Inc. recently announced financial results for its fiscal 2002 first quarter ending May 31, 2001.
For the fiscal 2002 first quarter, net sales were $28.9 million, down from $31.6 million for the corresponding quarter last year. After adjusting for the more than $3 million in prior-year revenue attributable to the sale of the company's domestic tackless carpet strip business, revenue rose slightly versus the year-ago period.