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Easton-Bell Sees Second Quarter Growth

Published August 12, 2008

VAN NUYS, CA (BRAIN)—Easton-Bell Sports said on Tuesday that sales of cycling helmets, accessories and components, eyewear, snowsports helmets and other fitness-related products grew 9.4 percent in the second quarter of 2008, helping boost the company’s overall sales by $14 million.

Easton-Bell reported sales of $220.8 million in the second quarter of the year, compared with $206.3 million for the same time period in 2007.

Sales were up in both the Team Sports and Action Sports divisions. Easton-Bell’s cycling business falls under its Action Sports division. Sales in that category grew from $80.9 million in 2007 to $88.5 million this year, despite decreased sales of powersports helmets.

For the first six months of the year, Action Sports grew 10.5 percent, reporting $169.8 million in sales through June 28, 2008.

Cost of sales in the Action Sports category rose $4.1 million in second quarter 2008 because of increased product costs and royalties, although higher selling prices at the retail level helped offset that.

The Team Sports division, which includes sales of football, softball, hockey and baseball equipment, grew from $125.5 million in 2007 to $132.3 million in 2008.

For more details on Easton-Bell’s outlook for the rest of the year, be sure to read the October issue of Bicycle Retailer and Industry News.

—Nicole Formosa

Topics associated with this article: Earnings/Financial Reports

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