Oakley growth

Sunglass maker Oakley, which is the subject of a takeover by Luxottica, has reported higher quarterly earnings than expected with net sales up 25 per cent over the same period in 2006 to $264m.

In its interim results Oakley, which also makes footwear, clothing and accessories, said the growth was helped by a rise in sales of sunglasses, prescription eyewear and goggles. Net optical sales increased 29 per cent against the third quarter of 2006 to $192m.

'Our 2007 efforts, including product launches and marketing campaigns, the introduction of our Rolling O Lab, increased training for our dealers and an expanding retail base to tell our story are driving solid results,' said chief executive Scott Olivet.