Sport Haley managed to post a fractional profit for the fourth quarter despite a 24% decrease in sales for Ben Hogan apparel.
SPOR reported a net income of $10,000 for the fourth quarter of its fiscal year ended June 30, 2008, or 0 cents per share, as compared with a net loss of $515,000, or 23 cents per share, in the year ago period.
For the quarter, net sales decreased 7%, or $330,000, to $4.4 million from $4.8 million in the same period in the prior fiscal year.
Net sales of Sport Haley women’s apparel were $2.3 million for the fourth quarter, an increase of $337,000, or 18%, from net sales of $1.9 million for the same period in the prior fiscal year.
Net sales of Ben Hogan men’s apparel were $2.0 million for the quarter, a decrease of $639,000, or 24%, from net sales of $2.7 million for the same period in the prior fiscal year.
