June 8 (Reuters) - Performance Sports Group Ltd PSG.TO
* For q4, co expects to report revenues of approximately
$133 million, down 10% compared to same quarter last year
* On a constant currency basis, q4 revenues are expected to
decline by approximately 8% to $136 million
* Determined it appropriate not to fulfill several customer
orders which resulted in lower than expected sales
* Expect to reduce inventory by approximately $18 million at
end of fiscal 2016 compared to fiscal 2015
* Anticipates higher than expected bad debt reserves which
will be finalized during its fiscal 2016 audit.
* Expects to end fiscal 2016 with approximately $424.8
million in debt
* Q4 revenue view $149.9 million -- Thomson Reuters I/B/E/S
* For fiscal 2016, co expects to report revenues of
approximately $587 million, down approximately 10% compared to
fiscal 2015
* On a constant currency basis, fiscal 2016 revenues are
expected to decline by approximately 5% to $620 million
* Fy2016 revenue view $602.6 million -- Thomson Reuters
I/B/E/S
* Performance sports group reports preliminary fourth
quarter and full year fiscal 2016 results
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