Home / Knowledge / News / Apparel/Garments / Bauer Performance Sports sales rise7% in Q3 FY'13
Bauer Performance Sports sales rise7% in Q3 FY'13
11
Apr '13
Bauer Performance Sports Ltd. announced its unaudited financial results for the third quarter and nine months of Fiscal 2013 ended February 28, 2013.

The 6% increase in overall revenues in the nine months of Fiscal 2013 was led by strong performance in several ice hockey equipment categories, and solid performance in both the Company’s lacrosse and apparel product categories.

Performance in the lacrosse category has been positively impacted by the Cascade Helmets (“Cascade”) acquisition and the apparel category has seen growth in every category, including team apparel, which has _enefited from both organic growth and the acquisition of Inaria International (“Inaria”).

Third quarter revenues grew by 7% due to strong growth in apparel across all apparel categories, with lifestyle (+51%), performance (+56%), and team apparel (+14% organic, +53% including Inaria) all showing strong increases, and the addition of Cascade revenues, partially offset by lower ice hockey equipment revenue.

The Company’s third fiscal quarter falls between the major shipping months of its two selling seasons, “Back-to-Hockey” and “Holiday” and as such relies heavily on repeat orders to fill in retailer needs. Ice hockey equipment sales in the quarter were slightly lower than the prior year due to lower sales of closeout inventories, a slight decline in goalie sales resulting from a shift in the timing of product launches as compared to the prior year, and excess competitor inventory in the market that reduced retailer open to buy for repeat orders.

Adjusted Gross Profit in the nine-month period ended February 28, 2013 increased by $7.2 million, or 6.6% to $117.1 million. In the three and nine month periods in Fiscal 2013, Adjusted Gross Profit as a percentage of revenues was consistent with the levels reported in the comparable periods in Fiscal 2012.

BAUER continues to demonstrate operating leverage in SG&A. Excluding expenses associated with the integration of acquisitions and secondary share offerings, SG&A as a percentage of revenues has declined 30 basis points in both the three and nine month periods ending February 28, 2013.

Adjusted Net Income grew by 25% in the nine-month period of Fiscal 2013 to $26.0 million and Adjusted EPS increased 9%, to $0.72, compared to the same period last year. In the third quarter, Adjusted Net Loss improved by 5% to $4.2 million and Adjusted EPS improved 21%, to a loss of $0.11 per share.

BAUER also announced that booking orders for its 2013 Back-to-Hockey season increased by 2% over the 2012 Back-to-Hockey season to $188.7 million. The increase is notable as this year’s Back-to-Hockey bookings include only the launch of VAPOR family of products, whereas two families of products (NEXUS and SUPREME) were launched at the same time in 2012.

Bauer Performance Sports


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search