This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Heelys, Inc. Reports Second Quarter 2012 Financial Results

DALLAS, Aug. 8, 2012 (GLOBE NEWSWIRE) -- Heelys, Inc. (Nasdaq:HLYS) today reported the following financial results for the second quarter ended June 30, 2012. The "Company" and "Heelys" refer to Heelys, Inc., a Delaware corporation, and its direct and indirect subsidiaries.

Year-over-Year Quarterly Comparisons

On a consolidated basis, net sales decreased $2.6 million to $5.7 million for the three months ended June 30, 2012, from $8.3 million for the three months ended June 30, 2011. Domestic net sales decreased $902,000 to $1.8 for the three months ended June 30, 2012, from $2.7 million for the three months ended June 30, 2011. The decrease in domestic sales was primarily due to higher sales during the second quarter of 2011, when compared to the second quarter of 2012, which was the result of certain first quarter 2011 orders that could not be fulfilled until the second quarter of 2011 as a result of production delays, and decreased inventory replenishment orders during the second quarter of 2012 from certain of our retailers resulting from those retailers having carryover inventory from the 2011 Holiday season, and a lower average sales price per pair of HEELYS-wheeled footwear sold during the second quarter of 2012 when compared to the same period last year. International net sales decreased $1.7 million to $3.9 million for the three months ended June 30, 2012, from $5.6 million for the three months ended June 30, 2011. The decrease in international sales was primarily the result of decreased sales of HEELYS-wheeled footwear in our French, German and Italian markets, offset by sales increases in Japan and with third-party distributors, and sales of our third party scooter and skateboard lines in France and Germany which accounted for approximately $615,000 of our net sales for the three months ended June 30, 2012.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.12 -59.28 -0.33%
S&P 500 2,102.64 -11.85 -0.56%
NASDAQ 4,964.8260 -52.1030 -1.04%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs