Barbeques Galore Ltd. Reports Third- Quarter Revenue Increases.IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--Nov. 10, 1997--Barbeques Galore Ltd. (Nasdaq:BBQZY) Monday reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of A$43.5 million for the three-month period ended Oct. 31, 1997, vs. A$35.3 million for the comparable period in 1996, a 23.5 percent increase. U.S. revenues for the period increased 48.4 percent to A$13.3 million, and Australia revenues for the period rose 14.9 percent to A$30.2 million. Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. increased 19.3 percent in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 7.2 percent in Australia for the quarter. For the nine-month period ended Oct. 31, 1997, net sales were A$113.9 million, compared with A$94.9 million for the comparable period, a 20.0 percent increase. U.S. revenues for the period increased 47.2 percent to A$45.9 million, and Australia revenues for the period increased 6.8 percent to A$68.0 million. Barbeques Galore Barbeques Galore is an Australian chain of retail stores specializing in barbecue grills that also has a large presence in the United States. There are 84 stores in covering all of Australia, and 75+ stores in 10 American states. is the leading specialty retail chain of barbecues and barbecue-accessory stores in Australia and the United States. Barbeques Galore currently owns and operates 32 stores in Australia and 32 stores in the United States. In addition, there are 45 licensed stores in Australia and six franchised stores in the United States, all of which operate under the Barbeques Galore name. CONTACT: Barbeques Galore Ltd., Irvine 714/597-2400 |
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