Australia's Rebel Sport Limited saw sales revenue for the nine months ended April 1, 2006 increased 14.5% to A$272.9 million ($204.0 mm) from A$238.3 million ($179.3 mm) last year, including sales revenue from the Glue lifestyle stores. Sales on a same store basis increased 8.2%.
Sales for the third quarter increased 16.5% in total, and 10.5% on a same store basis. Management said gross margin was “also strong” throughout the period.
During the nine months ended 1 April 2006, Rebel Sport opened six new stores. Rebel Sport Limited currently has 62 Rebel Sport stores and 10 Glue stores. Negotiations on more Rebel Sport stores are underway, though no new Rebel Sport stores will open in the 2006 financial year. Approximately six new Rebel Sport stores are expected to be opened during the 2007 financial year.
