Sales rise 10% at A.T. Cross

03/05/2007


US
designer of branded personal and business accessories A.T. Cross Company has posted improved sales for the first quarter ended March 31.

Consolidated sales increased 10.2% to reach $32.6 million from the $29.6 million reported in the comparable quarter in the prior year. Global writing instruments and accessories revenue achieved 4.8% growth to reach $24.7 million, representing the fourth consecutive quarter of sales growth.

Consolidated operating income was $0.3 million compared with an operating loss of $0.2 million, whilst net income reached $0.1 million from a net loss of $0.1 million.

Cross’ products include writing instruments, leathergoods, timepieces, and business accessories as well as Costa Del Mar sunglasses.