|
|
Article: R.G. Barry Expects A Loss For The Full Year.
- Article from:
- PR Newswire
- Article date:
- October 18, 2002
CopyrightCOPYRIGHT 2002 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)
|
R.G. Barry Corporation today said it has revised downward its revenue and earnings forecast for 2002. Although the Company expects to report second half sales and earnings growth, the increases will not be enough to offset first half losses. The Company now expects to report a loss for the full year.
"Our core footwear business is healthy, our initiatives to restore R.G. Barry to health and profitability remain sound and we continue to expect very strong fourth quarter sales and earnings in the core footwear business. The Company is, however, reducing its outlook for the full year because of two recent developments," said Gordon Zacks, Chairman and Chief ...