For the fiscal quarter ended December 31, 2001, revenues reached a first-quarter record of $84.1m (EUR97.6m), up 65.3 percent from $50.9m(EUR59.1m) in the first quarter of fiscal 2001.
Strong growth was reported for both die-cast and apparel distribution channels. Die-cast sales increased 89.9 percent to $55.1m (EUR64m) from $29m(EUR33.6m) in the same quarter last year.
Apparel sales rose 42.7% to $20m (EUR23.2m) from $14m(EUR16.2m)last year's equivelent quarter, reflecting increased demand from both wholesale and mass retail channels.
Trackside sales were up 33.4% to $8m (EUR9.25m) from $6m (EUR6.9m).
``We continue to see indications of Nascar's increasing popularity, which we believe will continue to positively impact the sales of racing-related merchandise,'' said Action Performance chairman, president and CEO Fred Wagenhals.
Action Performance markets and distributes products through a variety of sales and distribution channels, including QVC, the Racing Collectables Club of America (RCCA), goracing.com, trackside at racing events, mass retail department stores, and a global network of wholesale distributors and specialty dealers.
Licensed Nascar merchandise company, Action Performance, has recorded its second consecutive quarter of record revenues and earnings.
