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Article: Oakley reports preliminary 1996 net sales increase of 27 percent; fourth quarter slowdown creates continuing earnings pressure.
- Article from:
- Business Wire
- Article date:
- January 24, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif.--(BUSINESS WIRE)--Jan. 24, 1997--Oakley Inc. (NYSE:OO) today announced net sales for the fourth quarter and the year ended Dec. 31, 1996.
For the three-month period, net sales were $39.3 million, a decrease of 9 percent from net sales of $43.0 million for the comparable 1995 period. For the year ended Dec. 31, 1996, net sales increased 27 percent to $218.6 million from $172.8 million in 1995.
Domestic net sales decreased 22 percent to $19.7 million in the 1996 fourth quarter, compared with net sales of $25.3 million for the same period last year. For the year, domestic net sales were $139.5 million, representing a 21 percent ...