Oakley, Inc. announced that net sales increased 10.8 per cent and net income grew 27.3 per cent 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. Net income for the second quarter totaled $20.3 million, compared with net income of $16.0 million earned in the second quarter of 2004.

"Strong, double-digit comparable store sales, together with new store openings, fueled a 38.6 per cent increase in sales at the company's growing base of retail stores," commented Oakley chief operating officer Link Newcomb.  "Each of our international markets posted double-digit net sales increases, with the exception of a modest decline in Europe.”

Second quarter international net sales increased 6.3 percent to $74.1 million, compared with $69.7 million in last year's comparable period, with the weaker U.S. dollar contributing 4.6 percentage points of that growth. Japan, Latin America, Asia, Canada and the South Pacific regions each experienced double-digit increases in net sales, partially offset by a modest sales decline in Europe, the company's largest international market.