Big boost for ice hockey specialist Bauer
14/04/2011
Net revenues for the first three quarters increased by 21% to $237.8 million, up from $197.2 million in the first three quarters in 2010. Gross profit increased by 38% to $88.1 million compared to $63.8 million last year.
For the third quarter, net revenues increased by 47% to $48.4 million and gross profits rose by 96% to $15.7 million.
Chief executive, Kevin Davis, commented: “Our expanded product line combined with unique marketing initiatives has created strong consumer demand and increased retailer confidence in our entire brand portfolio. The strong financial results and growth in our order file for the upcoming ice hockey season demonstrate that we continue to grow market share across all categories, in all regions.”
Ice hockey equipment net revenues increased by 17% over the nine-month period, while apparel net revenues increased by 25% over the same period.
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