USA: Far West Reports Third Quarter Sales Up 15 Per Cent
Far West sales revenue increased 15 per cent to $3,682,486 for the third quarter ended September 30, 2000 compared to $3,199,514 last year. "Improved deliveries of snowboard apparel from our off-shore contractor enabled us to ship the majority of our products complete and on schedule to our North American dealers as well as distributors in Europe, Japan and Korea", said Gary Pratt, president. "This places the company in a better position to capture additional re-order business traditionally received in November and December." EBITDA for the period was $364,815 compared to $339,319 a year ago with net income of $207,977 ($.05 per share) compared to $187,576 ($.04 per share) last year.For the six months ending September 30, 2000 sales revenue was up by 12 per cent to $7,396,316 compared to $6,621,135 for the same period last year. The company reported a year to date loss of $204,475 ($.04 per share) compared to net income of $34,812 ($.01 per share) last year. The company recorded increased sales and administration expenses attributed to the uncompleted transaction with Umbro Canada Inc and the operation of the retail/distribution facility opened in Spokane, WA last October.
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.
- Hard hit Turkish industry is not knocked out
- China leads US apparel sources with falling prices
- "Power of the many" drives change at Otto Group
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- JC Penney to close 140 stores amid lower sales
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022