A.T. Cross Company reported that sales of Native and Costa sunglasses rose 22.2% in the quarter ending Jan. 1, 2011. The Native and Costa brands are part of A.T. Cross Company’s Cross Optical segment which saw revenues rise 19% to $60.5 for the full year.
“2010 was an outstanding year for A.T. Cross," said David G. Whalen, President and Chief Executive Officer. "Throughout the economic downturn, in anticipation of an economic recovery, we continued to invest in our business and put in place aggressive plans to grow revenue and profit. In 2010, as the economy improved, our plans came to fruition and our shareholders were rewarded. The Cross Optical Group delivered a powerful all around performance and the Cross Accessory Division increased operating profit by $5.8 million. From this position and with our strong balance sheet, we expect to continue to generate profitable growth during 2011.”
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