Barbeques Galore Reports Third Fiscal Quarter Sales.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--Nov. 7, 2001 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 total company sales for the third fiscal quarter ended Oct. 31, 2001 increased 3.1% to $42.0 million from $40.8 million for the corresponding quarter last year. 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. advanced 6.3% to $21.2 million from $20.0 million in the prior-year period. In Australia, net sales were $20.8 million and did not change compared to the same period a year ago. In Australian dollars, sales increased 8.3%. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of in the U.S. fell 0.8% for the third quarter. In Australia, same store sales decreased 0.5%. Total company net sales for the nine-month period increased 0.6% to $121.0 million from $120.3 million in the corresponding prior-year period. U.S. net sales for the nine months increased 6.6% to $76.4 million from $71.7 million a year ago. Net sales in Australia declined 8.1% to $44.6 million from $48.6 million for the 2000 nine-month period, and in Australian dollars were 3.7% higher than the same period a year ago. For the nine months ended Oct. 31, 2001, U.S. same store sales fell 1.9% and Australian same store sales decreased 2.0% over the same period a year ago. The average exchange rate between the Australian dollar and the US dollar for the quarter ended Oct. 31, 2001 was A$1 = US$0.51 and for the corresponding quarter in 2000, A$1 = US$0.56, representing an 8.9% decline in the Australian dollar. The company advised that on July 1, 2000, a retail goods and services tax The Goods and Services Tax is a Value-added tax that exists in a number of countries. Please see:
During the quarter, Barbeques Galore opened two new company-owned stores in North Phoenix, Arizona and Elk Grove, California Elk Grove is a city in Sacramento County, California, located just south of the state capital of Sacramento. State population estimates place the city's population at 136,318 as of January 1, 2007. [2]. . One company-owned store closed during the quarter in Towson, Maryland. Two franchisee stores also closed, in Orlando and Tampa, Florida. In Australia, one licensed store closed 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. and one opened in Alice Springs, Northern Territory Alice Springs is a town and the second largest centre in the Northern Territory of Australia. Popularly known as "the Alice" or simply "Alice", it had a population of 26,486 in 2005. . Barbeques Galore expects to report full results for the third fiscal quarter in early December. Barbeques Galore is the leading chain of specialty retail stores devoted to sales of barbecues, fireside products and related accessories. The company owns and operates 67 stores in the U.S. and 35 stores in Australia. In addition, it has 9 franchised stores in the U.S. and 49 licensed stores in Australia. Through its e-commerce Web site, www.bbqgalore.com, the company sells an extensive line of barbecue and fireside products and related accessories. |
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