Barbeques Galore Reports Fourth Fiscal Quarter Sales; 16.7% Increase in Comparable Stores in USA; 0.3% Decrease in Australia.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Feb. 10, 2004 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:BBQZ) today announced sales for the fourth quarter ended January 31, 2004:
Three Months Ended
January 31, %
In US$ thousands Increase/
2004 2003 Decrease
Net Sales ---- ---- --------
Australia 37,816 29,236 +29.3%
U.S. 25,093 21,595 +16.2%
Total net sales 62,909 50,831 +23.8%
Comparable Store Sales
Australia (in Australian $'s) -0.3%
U.S. (in US $'s) +16.7%
Twelve Months Ended
January 31, %
In US$ thousands Increase/
2004 2003 Decrease
Net Sales ---- ---- --------
Australia 91,049 77,235 +17.9%
U.S. 106,950 102,096 +4.8%
Total net sales 197,999 179,331 +10.4%
Comparable Store Sales
Australia (in Australian $'s) -1.0%
U.S. (in US $'s) +5.5%
The average exchange rate between the Australian dollar Noun 1. Australian dollar - the basic unit of money in Australia and Nauru dollar - the basic monetary unit in many countries; equal to 100 cents and the U.S. dollar for the quarter ended January 31, 2004 was A$1=US$0.7412 and A$1=US$0.5691 for the corresponding quarter in 2003, representing an increase of 30% in the Australian dollar against the U.S. dollar. In November, Barbeques Galore opened a new store in Artarmon, New South Wales Artarmon is a suburb on the lower North Shore of Sydney, in the state of New South Wales, Australia. Artarmon is located 9 kilometres north-west of the Sydney central business district, in the local government area of the City of Willoughby. (NSW NSW New South Wales Noun 1. NSW - the agency that provides units to conduct unconventional and counter-guerilla warfare Naval Special Warfare ) to replace the store previously operated in Chatswood, NSW and taken over in July 2002 by the State Rail Authority and also opened a licensed store in Bunbury, Western Australia This article is about the city of Bunbury. For the local government area, see City of Bunbury. The port of Bunbury is the third largest city in Western Australia after Perth, the state capital, and Mandurah. . In the U.S. during the quarter, a new store was opened in Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. and the Barbeques Galore store operated by the U.S. Navy Exchange in Pearl Harbor Pearl Harbor, land-locked harbor, on the southern coast of Oahu island, Hawaii, W of Honolulu; one of the largest and best natural harbors in the E Pacific Ocean. In the vicinity are many U.S. military installations, including the chief U.S. , Hawaii was closed. Barbeques Galore is the leading chain of specialty retail stores devoted to sales of barbecues, backyard accents, fireside products and related accessories. The company now owns and operates 63 stores in the U.S. and 39 stores in Australia. In addition, it has 9 franchised stores in the U.S. and 49 licensed stores in Australia. Through its U.S. e-commerce Web site, www.bbqgalore.com, the company sells an extensive line of barbecue barbecue [West Indian or South American], in the United States, traditionally an open-air gathering, political or social, in which meats are roasted whole over a pit of embers and food and drink are liberally enjoyed. and fireside products and related accessories. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion