USA: Active Apparel Group Reports Record Results
Active Apparel Group Inc (Nasdaq: AAGP), which will be renamed Everlast Worldwide Inc upon completion of its acquisition of Everlast, has reported record operating results for the third quarter and nine months ended September 30, 2000.Net sales for the quarter were, a record high, $9,100,476, an increase of 45.4% over last year's $6,259,574. Gross profit advanced 39.5% to $3,644,401 in the third quarter of 2000 compared to $2,613,349 in the corresponding period last year. Gross profit as a percentage of sales was 40.1% in the third quarter compared to 41.8% for last year's third quarter. For the quarter, Active Apparel's net earnings were at record levels and increased 145.3% to $571,917, or $0.22 per share, compared with $233,174 or $0.09 per share, for the same period a year ago.George Q. Horowitz, chairman and chief executive of Active Apparel, commented: "The growth that we've been experiencing continues as evidenced by our record results for the quarter. Both our men's and women's products continue to gain in popularity and retailer support. Our marketing and promotional activities, including our successful campaign involving the recently released movie, 'Girlfight,' continue to generate increased levels of brand awareness."He continued: "We look forward to the completion of our previously announced acquisition of Everlast, the single most important event in our company's history. Using the same marketing skills and strategies that we've been employing to considerable success at Active Apparel, we aim to expand the reach and visibility of the Everlast name. Upon closing, we will implement a plan to build on the strength and heritage of the Everlast brand. The initial program will include the introduction of new Everlast products, the expansion of the licensing program as well as the opening of new international markets."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Why collaboration is key to fashion supply chains
- Rana Plaza four years on – Timeline of change
- Industry groups reaffirm commitment to Bangladesh
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Adidas to digitalise Speedfactory concept
- Nike filed patent for "reinforced denim"
- M&S extends sourcing deal with Lindsey brothers
- US Q1 in brief – Columbia Sportswear, Amazon
- Lenzing unveils new sustainability strategy
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar