Record results at Heelys
07/03/2007
Manufacturer of action sports-inspired products Heelys, Inc. has reported record financial results for its fourth quarter ended December 31, boosted by the popularity of its ‘wheeled’ footwear with children and young people.
Net sales increased 377% to $71.1 million compared with $14.9 million in the corresponding period a year ago. Net income increased by a significant 700% to $11.5 million versus $1.4 million in the prior-year quarter.
For 2006, net sales increased 328% to $188.2 million compared with $44 million in 2005. Net income increased 571% to $29.2 million compared with $4.3 million in the previous year.
Share this story:
