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Sport-Haley reports Q3 unaudited results
15 May '07
3 min read
Sport-Haley Inc reported unaudited earnings for its third fiscal quarter and nine months ended March 31, 2007.
Net sales of SPORT HALEY and Ben Hogan fashion apparel for our third fiscal quarter ended March 31, 2007, were $5,270,000, an increase of $1,060,000, or 25%, from net sales of $4,210,000 for the comparable three-month period in the prior fiscal year. Net sales of fashion apparel for the nine months ended March 31, 2007, were $12,948,000, an increase of $298,000, or 2%, from net sales of $12,650,000 for the comparable nine-month period in the prior fiscal year. We did not ship any Top-Flite branded apparel during our third fiscal quarter ended March 31, 2007.
Gross profit of our fashion apparel, as a percentage of net sales, was 36% for the nine-month period ended March 31, 2007, and 37% for the comparable nine-month period in the prior year.
Selling, general and administrative expenses with regard to fashion apparel increased by $31,000, or 2%, to $1,852,000 for our fiscal quarter ended March 31, 2007, from $1,821,000 for the comparable three-month period in the prior fiscal year. Selling, general and administrative expenses with regard to fashion apparel increased by $75,000, or 2%, to $5,058,000 for the nine months ended March 31, 2007, from $4,983,000 for the comparable nine-month period in the prior fiscal year. As a percentage of net sales, selling, general and administrative expenses with regard to our fashion apparel were 35% and 43% for the three-month periods and 39% and 39% for the nine-month periods ended March 31, 2007 and 2006, respectively.
Net sales of SPORT HALEY and Ben Hogan fashion apparel for our third fiscal quarter ended March 31, 2007, were $5,270,000, an increase of $1,060,000, or 25%, from net sales of $4,210,000 for the comparable three-month period in the prior fiscal year. Net sales of fashion apparel for the nine months ended March 31, 2007, were $12,948,000, an increase of $298,000, or 2%, from net sales of $12,650,000 for the comparable nine-month period in the prior fiscal year. We did not ship any Top-Flite branded apparel during our third fiscal quarter ended March 31, 2007.
Gross profit of our fashion apparel, as a percentage of net sales, was 36% for the nine-month period ended March 31, 2007, and 37% for the comparable nine-month period in the prior year.
Selling, general and administrative expenses with regard to fashion apparel increased by $31,000, or 2%, to $1,852,000 for our fiscal quarter ended March 31, 2007, from $1,821,000 for the comparable three-month period in the prior fiscal year. Selling, general and administrative expenses with regard to fashion apparel increased by $75,000, or 2%, to $5,058,000 for the nine months ended March 31, 2007, from $4,983,000 for the comparable nine-month period in the prior fiscal year. As a percentage of net sales, selling, general and administrative expenses with regard to our fashion apparel were 35% and 43% for the three-month periods and 39% and 39% for the nine-month periods ended March 31, 2007 and 2006, respectively.
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