Sport-Haley, Inc. rode the success of its Ben Hogan apparel brand to a 26% increase in sales for the fiscal third quarter ended March 31, 2003, while narrowing its quarterly loss by 75% in the process.
SPOR reported net sales for Q1 were $5.5 million versus $4.4 million in the year-ago quarter. Nine month year-to-date sales were up 12% to $13.3 million. The net loss for fiscal Q3 was ($79,000), or ($0.03) per share, compared to a net loss of ($320,000), or ($0.11) per share, in Q3 2002. The YTD loss was ($242,000).
Hogan contributed approximately 21%, or $2.8 million, of total sales for the YTD period versus just 2.7%, or $319,000, of sales for the same period last year.
SPOR signed the Hogan deal with the former Spalding in May 2001 for the U.S. and expanded the deal to include the U.K., Sweden and Caribbean in July 2002.
>>> Looks like a nice one-two punch…
