Oakley's US retail net sales, which for reporting purposes include the company's e-commerce and telesales business, increased 48.7 percent to $45.4 million, compared with $30.6 million in the second quarter of 2005. In the company's international markets, net sales were $83.7 million, a 13.0 percent increase from net sales of $74.1 in the second quarter of 2005.
The company's EMEA (Europe, Middle East and Africa) region experienced significant double-digit optics growth, partially offset by a slight decline in AFA net sales. The Americas (non-US) region reported significant double-digit growth in optics and AFA. Asia Pacific saw a slight decline in its optics sales and a significant double-digit decline in its AFA business due primarily to a disproportionate impact of the footwear restructuring charges.
As a result of strong sales growth in the second quarter, the company increased its 2006 net sales growth guidance to approximately 13 percent from its previously stated expectation of at least 10 percent. This earnings guidance does not include any footwear restructuring charges which are estimated to total approximately $4.1 million on an after-tax basis, or $0.06 per diluted share, for the full year.
Oakley: a world brand, driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading, premium sunglasses, it offers a full array of products including performance apparel and accessories, prescription eyewear, footwear, watches and electronics to consumers in more than 100 countries.
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