Article: Movie Star, Inc. Reports Fiscal 2008 First-Quarter Financial Results.(Financial report)

NEW YORK -- Movie Star, Inc. (AMEX:MSI) today announced financial results for its fiscal 2008 first quarter ended September 30, 2007.

For the fiscal 2008 first quarter, net sales decreased to $11,939,000 from $18,690,000 in the same period last year. Gross margin, as a percentage of sales, was 28.2% for the fiscal 2008 first quarter compared with 31.2% in the fiscal 2007 first quarter. Selling, general and administrative expenses were $4,502,000, compared to $4,487,000 in the fiscal 2007 first quarter. Movie Star incurred $358,000 in merger-related fees for the fiscal 2008 first quarter, compared to $539,000 in merger-related fees for the same fiscal 2007 period, ...

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