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Article: True Religion Apparel Reports 2006 Fourth Quarter and Full-Year Financial Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- March 15, 2007
CopyrightCOPYRIGHT 2007 Business Wire. 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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Highlights:
* Annual net sales increase 36% to $139.0 million
* Net income for 2006 increased 25.3% to $24.4 million, or $1.04 per diluted share, after giving effect to a previously noted $0.08 charge related to a one-time settlement expense and to a banking expense that together amounted to approximately $1.9 million, net of tax
* Fourth quarter net sales increased 17% to $29.8 million, diluted EPS of $0.21
* Company bolsters infrastructure with new senior designer of women's sportswear and head of merchandising; signs licensing deals for footwear and headwear, outerwear in January
* Branded retail platform grows in the 2006 ...