Barbeques Galore Reports First Quarter Same-Store Sales Up 17.2% in the U.S. and 7.0% in Australia; And Net Sales Up of 39% in the U.S. And 11% in Australia.IRVINE, Calif.--(BUSINESS WIRE)--May 10, 1999-- Company On Track to Sell Grills, Accessories and Parts Online in U.S. 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. Limited (Nasdaq:BBQZY) today announced an increase of 17.2% in U.S. 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. during its first quarter ended April 30, 1999, marking the fourth consecutive quarter of double-digit growth in same-store sales in the U.S. 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 in the U.S. increased 38.9% to a first quarter record of US$15.6 million (A$24.6 million). 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 7.0% in the same period and net sales in Australia grew to A$21.9 million, a 10.9% increase. Total Company net sales for the period were A$46.5 million (Australian), a 26.5% increase over net sales of A$36.7 million in the first quarter last year. Same-store sales comparisons are based on sales for all Company-owned stores open at least one year. As part of the Company's growth strategy for 1999, Barbeques Galore is implementing a program introducing eCommerce to its website, www.bbqgalore.com. This will enable the Company to sell a variety of products online in the U.S. The active website is expected to go live this week. Marketing of the new eCommerce abilities of Barbeques Galore is planned to take place through strategic, comprehensive use of search engines, shopping portals, banner ads A graphic image used on Web sites to advertise a product or service. Banner ads come in numerous sizes, but are often rectangles 460 pixels wide by 60 pixels high. Also 460 x 55 and 392 x 72 sizes are commonly used. , links and promotions. Barbeques Galore is the leading chain of specialty retail stores devoted to sales of barbecues, fireside products and related accessories. As of April 30, 1999, the Company owned and operated 33 stores in Australia and 51 stores 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. . In addition, there are eight franchised stores in the U.S. and 48 licensed stores in Australia. |
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