Barbeques Galore Reports 12.2% Increase in U.S. Second-Quarter Same-Store Sales.IRVINE, Calif.--(BUSINESS WIRE)--Aug. 5, 1999-- 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. Ltd. (Nasdaq:BBQZY) Thursday announced 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. at its U.S. locations increased 12.2% during its second quarter ended July 31, 1999. Same-store sales at the company's Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. locations increased 3.7% during the same period. Total company 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 for the period increased 15.3% to A$62.7 million (Australian), compared with A$54.4 million in the second quarter last year. Net sales 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. increased 30.1% to US$27.9 million (A$42.3 million), while net sales in Australia increased 3.6% to A$20.4 million. For the six months ended July 31, 1999, U.S. same-store sales increased 13.9% and Australian same-store sales were up 5.4% over the same period a year ago. Net sales were A$109.2 million, a 19.8% increase over net sales of A$91.1 million for the six months ended July 31, 1998. Net sales in the United States for the six months ended July 31, 1999, increased 33.1% to US$43.5 million (A$66.9 million) on a year-to-year basis, and in Australia, net sales for the same period increased 7.3% to A$42.3 million vs. one year ago. Same-store sales comparisons are based on sales for all company-owned stores open at least one year. Barbeques Galore is the leading chain of specialty retail stores devoted to sales of barbecues, fireside products and related accessories. As of July 31, 1999, the company owned and operated 34 stores in Australia and 53 stores in the United States. In addition, there are 10 franchised stores in the United States and 47 licensed stores in Australia. In May of this year, the company launched an e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. component to its Web site, and is selling grills, accessories and sauces at www.bbqgalore.com |
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