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Article: R.G. Barry Corp. Reports Fourth Quarter & Full Year Results.
- Article from:
- PR Newswire
- Article date:
- March 3, 2003
CopyrightCOPYRIGHT 2003 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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R.G. Barry Corporation today reported operating results for the fourth quarter and fiscal year 2002 that were below results for the comparable periods in 2001.
2002 net sales declined to $122.6 million from $134.6 million in 2001. The Company reported a net after-tax loss for 2002 of $11.9 million, or $1.23 per diluted share, versus net after-tax earnings of $932,000, or $0.10 cents per diluted share in 2001. For the fourth quarter of 2002, net sales declined to $47.4 million from $52.1 million one year ago. The Company's fourth quarter net after-tax loss was $4.0 million, or $0.41 cents per diluted share, compared to fourth quarter 2001 net after-tax earnings ...