Interviews
News Flash
Oakley Q2 net sales up 29%
20 Jul '07
3 min read
Oakley Inc announced financial results for its second quarter ended June 30, 2007. Oakley generated second quarter net sales of $263.2 million, an increase of 29.3 percent from $203.6 million in the same period of 2006.
Net income for the second quarter totaled $21.5 million, or $0.31 per diluted share, which includes an approximate $0.03 per diluted share impact of transaction costs related to the company's previously announced merger agreement with Luxottica Group S.p.A.. Net income for the second quarter of 2006 was $17.9 million, or $0.26 per diluted share.
"Our optics strategies continue to drive results and, in the second quarter, we continued to see strong growth rates across all geographies and channels" said Oakley, Inc. Chief Executive Officer Scott Olivet.
"Our premium sports performance styles RADAR and FLAK JACKET, which are currently showcased in the Tour de France, are clearly being well received by athletes at every level of competition as well as sports-inspired consumers. Consistent with Oakley's history, these new styles are once again redefining performance, fit, convenience, and style on the fields of athletic competition around the world."
"Our polarized product, including the recently launched NANOWIRE, continues to gain share as more consumers learn about Oakley's unbeatable polarized technology and see first-hand the benefits of our new HYDROPHOBIC coatings," continued Olivet.
"Additionally, the integrated launches of our women's and Square O collections have driven strong early results and the Oakley custom eyewear program continues to become a more important part of our business in Oakley retail locations."
Net income for the second quarter totaled $21.5 million, or $0.31 per diluted share, which includes an approximate $0.03 per diluted share impact of transaction costs related to the company's previously announced merger agreement with Luxottica Group S.p.A.. Net income for the second quarter of 2006 was $17.9 million, or $0.26 per diluted share.
"Our optics strategies continue to drive results and, in the second quarter, we continued to see strong growth rates across all geographies and channels" said Oakley, Inc. Chief Executive Officer Scott Olivet.
"Our premium sports performance styles RADAR and FLAK JACKET, which are currently showcased in the Tour de France, are clearly being well received by athletes at every level of competition as well as sports-inspired consumers. Consistent with Oakley's history, these new styles are once again redefining performance, fit, convenience, and style on the fields of athletic competition around the world."
"Our polarized product, including the recently launched NANOWIRE, continues to gain share as more consumers learn about Oakley's unbeatable polarized technology and see first-hand the benefits of our new HYDROPHOBIC coatings," continued Olivet.
"Additionally, the integrated launches of our women's and Square O collections have driven strong early results and the Oakley custom eyewear program continues to become a more important part of our business in Oakley retail locations."
Popular News
Leave your Comments
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Andrea pompilio
Label - Andrea pompilio
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
