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Article: FIELDCREST CANNON REPORTS SECOND QUARTER RESULTS; SALES UP 7%

Article from:
PR Newswire
Article date:
July 21, 1995
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EDEN, N.C., July 21 /PRNewswire/ -- Fieldcrest Cannon, Inc. (NYSE: FLD) issued the following:

Net sales increased 7% in the second quarter of 1995 to $273 million from $254.8 million in the second quarter of 1994. Income for the quarter, before non-recurring charges, was $1.3 million, or $.02 per share, compared to $6.7 million, or $.64 per share, in the second quarter of 1994. After the non-recurring charges described below, a loss of $1.5 million, or $.30 per share, was incurred.

After adjusting for $12.1 million of sales from the January 1995 acquisition of Sure Fit, sales in the second quarter of 1995 were 2% greater than the second quarter of 1994. ... 







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