Ashworth declares financial results for Q3 & first nine months '06
12 Sep '06
3 min read
Included in the first nine months of fiscal 2006 are pre-tax charges of approximately $2.0 million for these SG&A expenses including SOX 404 related expenses incurred in the first quarter of fiscal 2006 and not incurred in the same period of the prior year.
Revenues from the Company-owned outlet stores were $2.9 million for the third quarter of 2006, an increase of 38.5 percent over the same period last year.
The new outlet stores net of closings contributed $0.3 million in sales in the third quarter of fiscal 2006 while sales on a comparative store basis increased 12.6 percent as compared to last year's third quarter.
Third quarter revenues from the international distribution channel were $10.0 million, an increase of 20.8 percent over the same period last year.
The increase in revenues was primarily driven by growth in the Company's European subsidiary which is attributable to increased demand in the United Kingdom and Ireland and the addition of new corporate channel partners in mainland Europe, partially offset by lower royalty revenues from international distributors.
Ashworth Inc is a leading designer of men's and women's golf-inspired lifestyle sportswear distributed domestically and internationally in golf pro shops, resorts, upscale department and specialty stores, and to corporate customers. Ashworth is also an official apparel licensee of Callaway Golf Company.
marketing@alchempro.com
