USA: Everlast Worldwide Q2 Sales Leap 36%

By just-style.com | 5 August 2005

Large-scale sporting and athletic group Everlast Worldwide Inc has reported a 36 per cent jump in second-quarter sales, led by good performance of continuing apparel operations and sporting goods.

Net revenue for continuing operations in the second quarter totalled $12.5 million compared to $9.2 million in the same period last year.

The company made a net loss of $596,000, however, for the quarter, after incurring $600,000 of unusual and non-recurring costs.

Chairman and chief executive officer, George Horowitz, said that the good sales were "led by a 41 per cent increase in continuing apparel and sporting goods net sales".

Everlast Worldwide Inc. manufactures, markets and licenses sporting goods and apparel products under the Everlast brand name.

Sectors: Apparel, Finance, Sourcing

Companies: Everlast, George