Rebel Sports Limited group sales revenue for the first quarter ended October 1 increased 7.3% to AU$77.8 million ($59.1 mm) when compared to the same quarter last year, including sales revenue from the Glue lifestyle stores. Sales on a same-store basis increased by 2.4% on top of a 7.9% increase last year. Management noted an inventory clean-up as helping to achieve improvements in gross margin during the period.
The company opened three new Rebel Sport stores in the first quarter as well as one Glue store. Since the start of the second quarter, three additional Rebel Sport stores have been opened.
