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Sport-Haley reports Q2 unaudited results
22 Feb '06
2 min read
Fashion golf apparel and outerwear maker Sport-Haley Inc has reported unaudited earnings for its second fiscal quarter and six months ended December 31st 2005.
The net sales of company for the fiscal quarter ended December 31st 2005 were $4,429,000, a decrease of $571,000 or 11 percent, from net sales of $5,000,000 for the same quarter in the prior fiscal year.
The net sales for the six months ended December 31st 2005, were $8,440,000, a decrease of $2,130,000 or 20 percent, from net sales of $10,570,000 for the comparable six-month period in the previous fiscal year.
The decrease in net sales for the quarterly period was primarily due to a continuing increase in the sales of our Ben Hogan® men's fashion apparel combined with the previously reported discontinuance of HALEY RESERVE men's fashion golf apparel and a significant decrease in the sales of SPORT HALEY™ women's fashion apparel.
Gross margins, as a percentage of sales, were 37 percent and 35 percent for the quarter and six months ended December 31st 2005, respectively. Comparatively, gross margins, as a percentage of sales, were 9 percent and 21 percent for the comparable periods in the prior fiscal year.
Selling, general and administrative expenses for the fiscal quarter ended December 31st 2005, decreased by $926,000, or 39 percent, to $1,438,000 from $2,364,000 for the same quarter in the prior fiscal year whereas for the fiscal six months period it decreased by $2,061,000, or 39 percent, to $3,162,000 from $5,223,000 for the comparative six-month period in the prior fiscal year.
The net sales of company for the fiscal quarter ended December 31st 2005 were $4,429,000, a decrease of $571,000 or 11 percent, from net sales of $5,000,000 for the same quarter in the prior fiscal year.
The net sales for the six months ended December 31st 2005, were $8,440,000, a decrease of $2,130,000 or 20 percent, from net sales of $10,570,000 for the comparable six-month period in the previous fiscal year.
The decrease in net sales for the quarterly period was primarily due to a continuing increase in the sales of our Ben Hogan® men's fashion apparel combined with the previously reported discontinuance of HALEY RESERVE men's fashion golf apparel and a significant decrease in the sales of SPORT HALEY™ women's fashion apparel.
Gross margins, as a percentage of sales, were 37 percent and 35 percent for the quarter and six months ended December 31st 2005, respectively. Comparatively, gross margins, as a percentage of sales, were 9 percent and 21 percent for the comparable periods in the prior fiscal year.
Selling, general and administrative expenses for the fiscal quarter ended December 31st 2005, decreased by $926,000, or 39 percent, to $1,438,000 from $2,364,000 for the same quarter in the prior fiscal year whereas for the fiscal six months period it decreased by $2,061,000, or 39 percent, to $3,162,000 from $5,223,000 for the comparative six-month period in the prior fiscal year.
Sport-Haley Inc
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