Everlast reports record revenues
04/11/2005
Everlast Worldwide Inc., a US-based manufacturer and licensor of sporting goods and apparel under the Everlast brand name, has reported record financial results for the third quarter and nine months ended
The company posted record net revenues from continuing operations of $12.6 million for its fiscal 2005 third quarter ended September 30, 2005, representing an increase of 13% over net revenues of $11.1 million in the prior year comparable period. Net licensing revenues also advanced 13% to $2.8 million compared with $2.5 million in the prior period.
For the nine months ended September 2005, net revenues from continuing operations increased 23% to a record $37.3 million, over the 2004 comparable period, led by a 27% increase in licensing revenues along with a 22% increase in continuing apparel operations and sporting goods net sales.
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