Oakley posted record results for 2006, with net sales up 17.5 per cent at $761.9m compared to $648.1m in 2005.
The company had a year of strategic realignment, which included a focus on optical growth and enhanced brand development, according to CEO Scott Olivet. 'The early results have been promising as evidenced by solid sales growth across all geographies and key products, highlighted by an immediate acceleration in our optics growth.'
He added that the company would increase attention on greater international penetration, with a priority on acquisition integration and predicted sustained, profitable growth in 2007 and beyond.
Growth in net optics sales, up 18.9 per cent to $552.9m, was driven by double-digit increases in Rx eyewear, sunglasses and goggles, as well as incremental sales from the 2006 Oliver Peoples and Optical Shop of Aspen acquisitions.
Europe, Middle East and Africa experienced a significant optics sales growth.