Oakley's new 2005 sunglass sales up 65.6% for Q2

21 Jul '05

10 min read

Famous fashion accessories brand Oakley Inc reported second quarter net income up 27 percent on record quarterly net sales: Company raises full year earnings guidance.

Conference Call - 4:30 p.m. EDT, Wednesday, July 20, 2005 - A simultaneous Web cast for interested investors can be heard at Oakley's corporate Web site: http://investor.oakley.com and will remain available through July 20, 2006. A telephonic replay of the call will be available from 8:00 p.m. EDT, Wednesday, July 20, through midnight July 27, 2005, and can be accessed from the United States and Canada at 866/266-2081 and from international locations at 703/925-2533; pass code: 740722.

Selected Highlights
- Second quarter net sales increase 10.8 percent to a quarterly record $170.5 million
- Earnings per share increase 30.4 percent to $0.30 from $0.23 in second quarter 2004
- Sales of new 2005 sunglass styles perform 65.6 percent better than last year's introductions in the comparable quarter
- Net sales through Oakley-owned retail stores grow 38.6 percent to $26.0 million
- Gross sales of newer product categories increase 24.7 percent
- Full year earnings per share guidance adjusted upward to the higher end of an increased range of 25 to 30 percent growth over 2004

Oakley Inc announced the net sales increased 10.8 percent and net income grew 27.3 percent in its second quarter ended June 30, 2005. Net sales grew to a quarterly record $170.5 million, compared with $153.8 million in the second quarter of 2004.

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