Revenues fall at Ashworth
US-based designer of on-course golf apparel and golf-inspired sportswear Ashworth, Inc. has posted lower revenues for its first quarter ended January 31.
Consolidated net revenue decreased 5.8% to $38.3 million from $40.6 million in the first quarter of 2006, whilst the company reported a consolidated first quarter net loss of $2.4 million, compared with a net loss of $50,000 a year earlier.
Net revenue for the domestic segment (including Gekko Brands, LLC) decreased 7.9% to $32 million from $34.8 million for the same period of the prior year, whilst net revenue from the international segment (including
Meanwhile, the company has named Eric Hohl as executive vice president, chief financial officer and treasurer, effective March 19. In his new role, Mr Hohl will be responsible for all finance as well as various other administrative functions at the company and will report directly to Peter Weil, president and CEO.
