Higher sales of apparel & headwear into Ashworth Collegiate
31 Dec '07
3 min read
Ashworth Inc, a leading designer of golf-inspired lifestyle sportswear announced unaudited financial results for the fourth quarter and fiscal year ended October 31, 2007.
Summary of Fourth Quarter and Fiscal 2007 Financials: Consolidated net revenue for the quarter ended October 31, 2007 increased 8.9% to $54.6 million compared to $50.2 million in the same quarter last year. Net domestic revenue increased 9.1% to $44.7 million for the fourth quarter of fiscal 2007 from $41.0 million for the same period of fiscal 2006. Net international revenue increased 7.4% to $9.9 million for the fourth quarter of fiscal 2007 from $9.2 million for the same period of fiscal 2006.
For the fiscal year ended October 31, 2007, consolidated net revenue decreased 3.5% to $202.2 million compared to $209.6 million for fiscal 2006. Net domestic revenue decreased 3.7% to $164.8 million for the full year fiscal 2007 from $171.1 million for fiscal 2006. Net international revenue decreased 3.0% to $37.4 million for the full year fiscal 2007 from $38.5 million for fiscal 2006. A more detailed analysis of revenue for the fourth quarter and fiscal 2007 is provided below.
Consolidated net loss for the fourth quarter of fiscal 2007 was ($3.5) million or ($0.24) per basic and diluted share compared to a net loss of ($4.4) million or ($0.30) per basic and diluted share for the same quarter last year. Consolidated net loss for the full year fiscal 2007 was ($14.1) million or ($0.97) per basic and diluted share compared to a consolidated net income of $1.0 million or $0.07 per basic and diluted share for fiscal 2006.
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