'Revolutionary’ baseball bat drives record revenues at PSG
19/01/2015
The results for the three months ending November 30, 2014, were driven by the strong performance of its Easton brand and more than 10% organic sales growth.
Easton revenues grew 37% due to the success of the MAKO family of products, including TORQ bat it describes as “revolutionary”. The bat uses “360 degree handle technology”, allowing the hands to rotate naturally.
Ice hockey drove the organic performance, generating double-digit revenue growth for the fourth consecutive quarter. This was led by 22% growth in helmets and facial protection, 20% growth in its protective line, which includes gloves, pants and under protective gear, and 19% growth in skates.
Apparel also grew significantly, up 31%, driven by a 55% increase in the performance line. Performance apparel featuring 37.5 fabric technology debuted last quarter.
CEO Kevin Davis said: “As we look to the second half of the fiscal year, we expect that strong currency headwinds, including the sharp devaluation of the ruble, will continue to challenge our hockey business, and even more so than in the first half of the year. However, fiscal 2015 currently remains on track to deliver another record year of top and bottom-line performance."
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