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On Wednesday said its earnings more than tripled, boosted by solid sales of newer products including Oakley Thump audio eyewear and sales of combat eyewear to the Army. Fourth-quarter net income climbed to $10 million, or 15 cents a share, from $9.2 million, or 5 cents, fake oakleys a year earlier. Wall Street analysts on average had forecast earnings for the quarter of 13 cents a share. U.S. net sales, excluding the company's retail store operations, increased 58% in the fourth quarter to $62.
It didn't show up in the sports pages, but if were a country,fake oakley sunglasses the Foothill Ranch sunglasses maker would have been the runaway winner of the recent Winter Olympics. Athletes wearing the company's high-tech glasses and helmet shields won 32 medals in 16 events at the recently concluded games in Nagano, Japan. The speedskating events in particular looked like one long Oakley commercial.
Chairman and President Jim Jannard decided to forgo compensation in 1997, a year in which the sunglasses supplier saw its profit sag. Company spokeswoman Renee Law said that Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the Foothill cheap oakleys Ranch-based company's returns. Jannard is Oakley's largest stockholder with 38 million shares, or 53.8% of the total. That stake was worth $461 million as of Monday's closing price of $12.
the manufacturer of upscale, sporty sunglasses and goggles, posted solid gains in profit and sales in the second quarter. Net income surged 32% to $15.7 million, or 44 cents a share, from $11.9 million, or 37 cents a share, a year ago,cheap oakley sunglasses the company said Thursday. Sales advanced 37% to $92.8 million from $95.7 million. For the six months, net income showed a 32% gain to $26.7 million, or 74 cents a share, from $90.2 million, or 62 cents a share, for the six-month period last year.
the second-largest U.S. maker of sunglasses, said it sued market leader Bausch & Lomb Inc., claiming some of its glasses infringe Oakley patents. Oakley said Rochester, N.Y.-based Bausch & Lomb's Revo, Killer and Arnette-style glasses infringe Oakley's patents for its XYZ discount oakley sunglasses Optics lens and its Iridium lens-coating technology. The suit, filed in federal court in California, is another salvo in Foothill Ranch-based Oakley's legal campaign to protect its share of the annual $1.
whose pricey sports sunglasses grace the noses of grungy surfers and Olympic athletes alike, saw its stock rise 18% on Thursday in a strong debut as a publicly owned company. The stock, which rose $4.125 per share from its initial offering price, thrust Oakley founder and President Jim Jannard into the ranks of Orange County's wealthiest.
the Orange County maker of fashionable sunglasses, said that a major counterfeiting replica oakley sunglasses operation has been shut down following a six-week investigation. The Carson-based counterfeiting ring, operating under the name Spenser Products, was broken up by the Los Angeles County Sheriff's Department in a raid last week, the company said. About $10 million worth of copycat sunglasses, T-shirts, hats, computerized embroidery machines, printing equipment and other goods were seized.
Oakley Inc. on Wednesday said its earnings more than tripled, boosted by solid sales of newer products including Oakley Thump audio eyewear and sales of combat eyewear to the Army.
Fourth-quarter net income climbed to $10 million, or 15 cents a share, from $3.2 million, or 5 cents, a year earlier.Wall Street analysts on average had forecast earnings for the quarter of 13 cents a share.
U.S. net sales, excluding the company's retail store operations, increased 58% in the fourth quarter to $62.1 million, oakley sunglasses discount the company said. International net sales rose 2.9% to $69.8 million. Sales through Oakley's U.S. retail store operations reached $21.1 million, up 34% from a year earlier.
Looking ahead, the company said it saw net sales growth of 10% to 15% in 2005, assuming a mid-single-digit increase in sunglass sales, combined with a 15% to 20% increase in the company's newer-category sales.