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Article: Crystal Brands earnings soar. (men's clothing manufacturer Crystal Brands Inc.)
- Article from:
- Daily News Record
- Article date:
- October 25, 1989
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Copyright informationCOPYRIGHT 1989 Conde Nast Publications, Inc. 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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CRYSTAL BRANDS EARNINGS SOAR
SOUTHPORT, Conn. (FNS) -- Crystal Brands, Inc., reported that earnings soared in the third quarter and nine months ended Sept 30.
In the quarter, earnings rose to $11,465,000, or $1.27 a share, from $3,112,000, or 35 cents, in the year-earlier period. Sales more than doubled to $265,812,000 from $125,367,000.
For the nine months, earnings increased to $15,136,000, or $1.67, from $3,526,000, or 39 cents. Sales more than tripled to $664,666,000 from $298,846,000.
Operating results for the quarter and nine months include the results of Palm Beach and Trifari. Trifari was acquired in April 1988, and ...
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