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Easton-Bell Reports Increased Q1 Sales

Published May 14, 2008

VAN NUYS, CA (BRAIN)—Sales in Easton-Bell’s Action Sports segment increased 12 percent in the first quarter of 2008, helping to offset a small decline in the company’s Team Sports category, according to the company’s form 10-Q filed with the Securities and Exchange Commission on May 13.

Easton-Bell recorded sales of $81.3 million in Action Sports equipment during the first three months of 2008 compared with $72.6 million during the same period in 2007.

Net sales in Team Sports dropped 1.2 percent, from $102 million in 2007 to $100.8 million in 2008.

Easton-Bell includes the Easton, Bell, Giro and Riddell brands.

The Action Sports segment includes helmets, components and accessories for cycling, snow sports and power sports and fitness-related products. Team Sports comprises equipment for football, baseball, softball and ice hockey.

The company attributed growth in Action Sports to increased sales of cycling helmets and accessories, snow helmets, eyewear and fitness products.

For more on Easton-Bell’s first quarter performance and its plans for the future, be sure to read the June 1 issue of Bicycle Retailer and Industry News.

—Nicole Formosa

Topics associated with this article: Earnings/Financial Reports

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