"During the quarter, we also took an important step forward in our multi-branding strategy with the acquisition of Oliver Peoples. Oakley's portfolio of strong brands will enable us to reach new consumers, satisfy performance, sport and active needs while penetrating new distribution channels," continued Olivet.
"Moving forward, we intend to implement the growth strategies articulated in February which include realigning our apparel platform, restructuring the footwear business, building our retail and international platforms and increasing the investment in overall brand development. We believe that focusing on these strategies will position the company for renewed annual earnings growth in 2007," he concluded.
The company reaffirmed its 2006 guidance given on March 10th 2006, indicating that it continues to expect net sales growth of at least 10 percent and earnings of approx. $0.68 per share.
Oakley Inc is a world brand driven to ignite the imagination through the fusion of art and science. Building on its legacy of innovative, market-leading, premium sunglasses, it offers a full array of products including performance apparel and accessories, prescription eyewear, footwear, watches and electronics to consumers in more than 100 countries.
marketing@alchempro.com
