Pacific Brands Limited saw fiscal year net sales increase 12.1% to
A$1.82 billion ($1.43 bn) from A$1.62 billion ($1.22 bn) last year. Net
profit increased 4.7% to A$106.0 million ($83.3 mm) from A$101.2
million ($75.7 mm) last year.
The Outerwear & Sport division saw sales jump 45.8% for fiscal 2007
to A$363.2 million ($285.4 mm) from A$249.1 million ($186.3 mm) in the
prior fiscal year. EBITA for the division increased 21.1% to A$27.0
million ($21.2 mm) from A$22.3 million ($16.7 mm) last year. The
revenue gains in Outdoor & Sport reflect the acquisition of Brand
Collective and the Yakka Group.
Looking ahead, Pacific Brands said it expects its Outerwear & Sport
division to return to profitability in FY08, noting that the addition
of the Yakka Group and Brand Collective has significantly improved the
brand strength and product and marketing development capabilities for
the group.
In its footwear group, sales increased 0.9% to A$280.1 million ($220.1
mm) from A$277.5 million ($207.5 mm) for fiscal 2006. EBITA outpaced
sales, growing 4.5% to A$37.3 million ($29.3 mm) from A$35.7 million
($26.7 mm) last year. Strong sales performances were achieved in Hush
Puppies, Dunlop, Merrell and Julius Marlow. Pacific Brands said Merrell
footwear continues to gain share in the outdoor/lifestyle category
through a targeted distribution program with key specialty retailers.
