Positive Q1 financial results at Heelys
08/05/2007
Texas-based footwear company Heelys, Inc. has reported increased sales figures for its first quarter ended March 31. Net sales were up 262% to $49.4 million compared with $13.7 million a year ago, while net income increased 399% to $8.5 million versus $1.7 million for the corresponding period a year ago.
For the second quarter, net sales are expected to be between $65 million and $70 million.