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Easton-Bell Sports sales fall 11 percent

Published March 26, 2013
Litigation and severance expenses inflate operating costs.

VAN NUYS, CA (BRAIN) — Easton-Bell Sports sales were $183.5 million for the fourth quarter of 2012, compared with $207.1 million a year earlier.  

Sales for the company’s Action Sports division, which include its bicycle-related sales, decreased $12.2 million, or 14 percent, for the quarter. The company said a bad global snow market reduced Giro snow helmet sales, and it lost cycling sales in the mass channel. But Giro cycling sales saw double-digit growth and sales of Bell powersports helmets grew over last year. 

Easton-Bell Sports sales in 2012 were down slightly to $827.2 million, from $834.9 million in sales in 2011. Action Sports sales decreased by $15.7 million, or 4 percent for the year. 

The company’s operating expenses jumped $18.5 million last year, an increase EBS partly attributed to $6 million spent on litigation, and $6 million in severance expenses related to the management changes in 2012.

Topics associated with this article: Earnings/Financial Reports

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