Barbeques Galore Reports Third Quarter Same-store Sales Up 12% in U.S. and 24% in Australia.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. 4, 1998--Barbeques Galore Limited (Nasdaq:BBQZY) today 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 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. locations increased 11.7% during its third quarter ended October 31, 1998. 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 23.9% 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 33.1% to A$58.0 million (Australian), compared with A$43.5 million in the third quarter last year. Net sales in the U.S. increased 29.7% to US$12.6 million (A$21.1 million), while net sales in Australia increased 22.0% to A$36.9 million. For the nine months ended October 31, 1998, U.S. same-store sales increased 11.2% and Australian same-store sales were up 12.3% over the same period a year ago. Net sales were A$149.1 million, a 30.9% increase over net sales of A$113.9 million for the nine months ended October 31, 1997. Net sales in the U.S. for the nine months ended October 31, 1998 increased 31.2% to US$45.3 million (A$72.8 million) on a year to year basis, and in Australia, net sales for the same period increased 12.2% to A$76.3 million versus one year ago. Same-store sales comparisons are based on sales for all company-owned stores open at least one year. 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 chain of specialty retail stores devoted to sales of barbecues, fireside products and related accessories. As of October 31, 1998, the Company owned and operated 33 stores in Australia and 42 stores in the United States. In addition, there are 7 franchised stores in the U.S. and 47 licensed stores in Australia. |
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