Brass Eagle Posts First Quarter Loss
by May 26, 2003 12:00 am 62 views
Brass Eagle Inc. of Bentonville, a distributor of paintball guns and other “extreme sports” products, said on May 6 that it had a loss in its first quarter, which ended March 31. Lynn Scott, Brass Eagle’s president and CEO, said sales were hurt by a soft retail environment that resulted in retailers cutting back on inventories.
Brass Eagle posted a loss of $226,000, or 3 cents a share, compared with a profit of $1.1 million, or 14 cents a share, in the year-ago quarter.
Net sales fell 33 percent to $13.4 million.
The company expects fiscal year 2003 sales to range from $98 million to $105 million. Fiscal 2003 earnings are forecast at $1.10 to $1.20 a share.