Russell Increases Sales, Earnings; Adds Spalding BusinessAtlanta-based Russell Corp. reported
first-quarter 2003 sales of $228 million 6 percent higher than first-quarter 2002 sales. Earnings
of 11 cents per diluted share increased 38 percent over year-earlier earnings.The strength of our
brands and the expansion of our athletic business in the retail and team sports channels certainly
contributed to our positive first-quarter results, said Jack Ward, chairman and CEO. In other
company news, Russell signed a $65 million purchase agreement to acquire the brand names,
inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide
Inc., Chicopee, Mass.
June 2003
