Antigua Enterprises Inc. saw sales grow 8.5% in its year ended April
30, to $51.9 million from $47.9 million the prior year. The Licensed
channel grew 16% and the Golf division grew 12%. Sales in both
divisions have been fueled by new products and new fabrications,
continuing focus on outstanding customer service and in stock inventory
positions. During the fiscal year, the company added the Slazenger
brand and the Dunlop brand to its portfolio.
Operating income dipped slightly to $3.6 million from $3.7 million,
primarily attributable to royalty and production costs on licensed
sales as well as investment in selling and marketing to maintain the
positive momentum of the Antigua brand and to pre-launch the Slazenger
and Dunlop brands. Boosted by tax benefits, Antigua's net profit
reached $5 million, or 12 cents a share, up from $2.4 million, or 6
cents, a year ago.
Antique said in a statement, “Fiscal year 2007 was successful in sales,
profits, distribution growth and brand awareness growth. Our sights are
now set on new opportunities for fiscal year 2008 with three
distinctive brands to design and distribute.”
