News Flash

Oakley Q2 net sales up 29%

20 Jul '07

3 min read

Olivet concluded, "We are pleased with the quarterly results, but more importantly, we continue to make great progress against our goals of strengthening our brands, building solid business platforms capable of delivering sustainable and profitable growth, and delivering results consistently."

Product Category Net Sales:
Second quarter optics net sales totaled $207.5 million, up 30.9 percent from $158.5 million in the same period of 2006. This growth was driven by significant double-digit increases in sunglasses, prescription eyewear, and goggles.

The company's second quarter sales had significant double-digit organic optics growth augmented by incremental sales from Eye Safety Systems (ESS) and Bright Eyes.

Second quarter AFA net sales totaled $36.5 million, up 19.6 percent from $30.5 million in the prior year. AFA growth included significant double-digit contributions from footwear and watches, and a double-digit increase in apparel sales.

Second quarter net sales of other products, which consist of non-Oakley owned brands sold through the company's multi-branded Bright Eyes, Sunglass Icon and The Optical Shop of Aspen (OSA) retail stores, increased 31.3 percent to $19.1 million from $14.6 million during the same period last year.

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