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Oakley's new 2005 sunglass sales up 65.6% for Q2
21 Jul '05
10 min read
Net income for the second quarter totaled $20.3 million, or $0.30 per diluted share, compared with net income of $16.0 million, or $0.23 per diluted share, earned in the second quarter of 2004.
"Their strong second quarter results were highlighted by their new sunglass styles, including CROSSHAIR, WHISKER, BOTTLECAP, GASCAN and RIDDLE, which generated second quarter sales 65.6 percent higher than last year's new sunglass introductions did in the comparable period," commented Oakley Chief Operating Officer Link Newcomb.
"Strong, double-digit comparable store sales, together with new store openings, fueled a 38.6 percent increase in sales at the company's growing base of retail stores."
Each of their international markets posted double-digit net sales increases, with the exception of a modest decline in Europe. Their apparel and accessories, prescription eyewear and OAKLEY THUMP contributed to solid newer category sales growth during the second quarter.
Gross margins improved across virtually all product categories and these increases in sales and gross margins led to a robust 27.3 percent net income increase.
"They have great momentum at the halfway point of 2005 and look forward to the second-half delivery of their expanded apparel and accessories line, fall prescription frame collection, continued contribution from new sunglass releases and the launch of RAZRWIRE - the world's first Bluetooth-enabled sunglass developed jointly by Oakley and Motorola."
"Their strong second quarter results were highlighted by their new sunglass styles, including CROSSHAIR, WHISKER, BOTTLECAP, GASCAN and RIDDLE, which generated second quarter sales 65.6 percent higher than last year's new sunglass introductions did in the comparable period," commented Oakley Chief Operating Officer Link Newcomb.
"Strong, double-digit comparable store sales, together with new store openings, fueled a 38.6 percent increase in sales at the company's growing base of retail stores."
Each of their international markets posted double-digit net sales increases, with the exception of a modest decline in Europe. Their apparel and accessories, prescription eyewear and OAKLEY THUMP contributed to solid newer category sales growth during the second quarter.
Gross margins improved across virtually all product categories and these increases in sales and gross margins led to a robust 27.3 percent net income increase.
"They have great momentum at the halfway point of 2005 and look forward to the second-half delivery of their expanded apparel and accessories line, fall prescription frame collection, continued contribution from new sunglass releases and the launch of RAZRWIRE - the world's first Bluetooth-enabled sunglass developed jointly by Oakley and Motorola."
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