Printer Friendly

MACGREGOR SPORTS AND FITNESS ANNOUNCES THIRD QUARTER RESULTS

 MACGREGOR SPORTS AND FITNESS ANNOUNCES THIRD QUARTER RESULTS
 GREENVILLE, S.C., June 16 /PRNewswire/ -- MacGregor Sports and Fitness Inc. (NASDAQ: MACG) reported sales for the quarter ended April 30, 1992, of $730,375 and net earnings of $297,250, or $.03 per share. Nine month sales and earnings were $2,188,313 and ($1,109,001) respectively. Included in the nine month loss were $679,619 of non-recurring start-up costs.
 The third quarter gain resulted from the sale of certain trademark rights to Sports Supply Group of Dallas in February 1992. The rights to institutional and recreational channels of distribution of the brand were sold at a gain of $780,484. In May 1992, a license agreement was signed with MacGregor Golf Co. which will enable Sports and Fitness to market golf gloves and golf pull carts. This license presents the opportunity to further expand brand awareness as well as substantially build revenues and gross margins.
 Michael Casazza, president and CEO, commented that the sales programs and product offerings to sports retailers is working and a continued effort in this area will reestablish the credibility of the brand and enhance sales. The company is very pleased with their progress to date.
 -0- 6/16/92
 /CONTACT: Michael S. Casazza of MacGregor Sports and Fitness, 803-963-8200/
 (MACG) CO: MacGregor Sports and Fitness Inc. ST: South Carolina IN: SU: ERN


RM-MM -- DV006 -- 0733 06/16/92 14:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 16, 1992
Words:237
Previous Article:TERADYNE RECEIVES TEST SYSTEM ORDER FROM SILICON SYSTEMS
Next Article:ARBY'S ANNOUNCES NEW COMMUNITY SERVICE PROJECT -- NEIGHBORS IN NEED
Topics:


Related Articles
RIDDELL SPORTS REPORTS THIRD QUARTER AND NINE MONTHS RESULTS
RIDDELL SPORTS REPORTS THIRD QUARTER AND NINE MONTHS RESULTS
RIDDELL SPORTS REPORTS INCREASED FIRST QUARTER 1992 RESULTS
MACGREGOR ANNOUNCES INCREASED BACKLOG POSITION
MACGREGOR SPORTS AND FITNESS ANNOUNCES FISCAL YEAR RESULTS
AJAY IMPROVES THIRD QUARTER AND NINE MONTHS RESULTS
AJAY SPORTS, INC. REPORTS YEAR-END RESULTS
/C O R R E C T I O N -- RIDDEL SPORTS INC./
RIDDELL SPORTS INC. REPORTS NINE MONTH AND THIRD QUARTER 1993 RESULTS
RIDDELL SPORTS INC. ANNOUNCES FIRST QUARTER RESULTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters