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Article: Kellwood (NYSE) Reports Fourth Quarter and Fiscal Year 2003 Results Fourth Quarter Sales Flat, Net Earnings Up 33 Percent Versus Last Year Fiscal Year Sales Up 8 Percent, Net Earnings Up 43 Percent Versus Last Year Regular Quarterly Dividend Declared.
- Article from:
- PR Newswire
- Article date:
- March 4, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kellwood Company reported sales and earnings today for both the fourth quarter and fiscal year ended January 31, 2004, according to Hal J. Upbin, chairman and chief executive officer. Sales from continuing operations for the fourth quarter were flat with prior year at $521 million. As previously announced in November, Kellwood completed the sale of its Domestic and European Hosiery operations. During the fourth quarter, the Company also made the decision to discontinue the True Beauty by Emme(R) operation including the termination of the related license agreement. Accordingly, both the Hosiery and True Beauty businesses are treated as discontinued operations.
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