Did you hear?… Swiss Army Brands, Inc. reported revenues of $38.8 million

Swiss Army Brands, Inc. (Nasdaq: SABI) reported revenues of $38.8 million in the quarter ended December 31 compared with $44.4 million for the fourth quarter in 2000. For the year ended December 31,revenues were $114.6 million compared with $132.0 million for the same period of 2000. The revenue decrease for the fourth quarter was due to continued weakness in sales of Victorinox Original Swiss Army Knives and multi-tools, both at retail and in the company’s corporate markets business, and a decrease in watch sales. Net income (loss) was a loss of $1,226,000 or $0.15 per share in the fourth quarter and a loss of $3,152,000 or $0.39 per share for the year ended 2001 compared with income of $793,000 or $0.10 per share and income of $2,013,000 or $0.25 per share in the fourth quarter and year ended, respectively, of 2000. “Despite the overall disappointing performance in 2001 resulting, in part, from the tragic events of September 11, we are committed to the long-term vision of building our business though brand development,” said Jeff Turner, president of Swiss Army Brands said. “We continue to place emphasis on the revitalization of our core knife and watch businesses and on supporting the exciting momentum of our new licensed travel gear and apparel categories.” Swiss Army Brands, Inc. is the exclusive United States, Canadian, and Caribbean marketer of Victorinox Original Swiss Army Knives, multi-tools and SwissCards. More at www.swissarmy.com.