Lacrosse Equipment: “Easton Lacrosse” To Be Discontinued By Easton-Bell Sports Inc.; Reports Lower Sales As It Exits Lacrosse Product Category


Easton Lacrosse logo black

Easton-Bell Sports Inc. reported on Tuesday a decrease in sales in its second quarter, largely due to lower hockey sales and its exit from the lacrosse product category.

The Company had net sales of $201.6 million for the second quarter of 2013, a decrease of 5.8% as compared to $214.1 million of net sales for the second quarter of 2012. The sales decrease is primarily attributable to the exit of the non-core fitness products category and lower hockey sales. Gross margin increased by 70 basis points (“bps”) to 35.7% from 35.0%. Adjusted EBITDA exclusive of one-time severance expenses related to management changes and costs related to the exit of the lacrosse product category was $23.5 million, a decrease of $2.2 million or 8.7% from $25.7 million during the second quarter last year.

Easton Bell Sports

Easton Bell Sports Companies

For more: http://www.sfvbj.com/news/2013/aug/13/hockey-lacrosse-hurt-easton-bell-sales/

http://www.news-medical.net/news/20130813/Easton-Bell-Sports-announces-financial-results-for-second-quarter-2013.aspx

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