Easton-Bell Posts Net Loss for Year

Falling sales contributed to Easton-Bell Sports Inc. posting a net loss for the 2009 fiscal year. The Van Nuys-bases sporting goods manufacturer and distributor had a net loss of $4.1 million on revenues of $716.3 million for the year ending Jan. 2. For the previous fiscal year, the company reported net income of $13.4 million on revenues of $775.5 million. For the year both team sports and action sports sales decreased. In the fourth quarter, there were lower sales of cycling helmets and cycling components in the action sports category. Tight budgets at the high school level contributed to lower sales of football equipment in the team sports category.