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Easton-Bell Sports Reports Sales Increase

Published August 15, 2011

VAN NUYS, CA (BRAIN)—Easton Bell Sports sales hit $211.9 million in its second quarter ending July 2, an increase of 4.5 percent compared to sales of $202.8 over the quarter last year.

The company’s operating income fell $2.1 million, or 11 percent, due to shifting product introductions into the second half of 2011 and the negative effect of inventory clearance sales.

Easton Bell Sports’ Action Sports division, including its bicycle business, saw sales decline $1.1 million over the quarter. The decrease was associated with lower traffic and sell-through of bicycle products in the mass channel, partially offset by increases in cycling and powersports helmets in the specialty channel and the introduction of Giro cycling shoes.

—Matt Wiebe

Topics associated with this article: Earnings/Financial Reports

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