Briscoe lifts third-quarter sales 7.1%, expects to increase annual profit again

Thu, 29 Oct 2015

By Paul McBeth Oct. 30 (BusinessDesk) - Briscoe Group, whose hostile takeover of Kathmandu Holdings was spurned earlier this year, lifted third-quarter sales 7.1 percent, with bigger gains in its sporting goods stores, and anticipates increasing annual profit for a seventh year in a row. Sales rose to $115.9 million in the 13 weeks ended Oct. 25 from $108.2 million a year earlier, the Auckland-based company said in a statement. Of that, homewale sales increased 4.6 percent to $73.7 million, while sporting goods revenue gained 12 percent t...

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