‘Premium Audio’ Segment Was Best Sales 'Performer’ for Voxx in Q3, Says CEO
For Voxx International, the “premium audio” sector, which includes the Klipsch brand, “was our best performer” in fiscal Q3 ended Nov. 30, CEO Pat Lavelle said on a Tuesday earnings call. Sales in the sector were up 27 percent in…
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Q3 over the same year-earlier quarter, he said. For the first nine months of this fiscal year, sales in the sector were 19 percent higher than in the same period a year earlier, he said. Sound bar sales jumped more than 190 percent in Q3, “and we continue to expand the line by bringing Dolby Atmos and all-in-one sound bar products to market,” he said. Best Buy recently tested an “in-store Klipsch-branded audio space” in a “few hundred” stores, and plans to triple the number of stores with Klipsch displays “on a go-forward basis,” he said. Voxx also has installed Klipsch-branded store displays in Nebraska Furniture Mart, BrandsMart, hhgregg and Dillard’s that are “unique to each retailer,” he said.