Sales rise 140% at Heelys

08/08/2007


US-based designer of action sports-inspired products including wheeled-footwear Heelys, Inc has reported the record financial results for the second quarter ended June 30. Net sales increased a staggering 140.3% to $74.3 million from $30.9 million in the comparable period of the previous year, whilst net Income improved 204.9% to reach $12.8 million from $4.2 million.

According to Mike Staffaroni, president and CEO, the improvement resulted from strong domestic sales growth driven by demand for its spring/summer line combined with early deliveries of fall product and growing demand in international markets, particularly in Europe.