Home / Knowledge / News / Apparel/Garments / Imprinted sportswear marketer posts Q1 earnings
Imprinted sportswear marketer posts Q1 earnings
03
Apr '08
Next Inc an emerging leader in the imprinted sportswear products industry announced its fiscal first quarter earnings for the three months ended February 29, 2008. The Company will file its Form 10-Q for the quarter on Friday, April 4, 2008.

Net sales were $2,540,923 for the three months ended February 29, 2008, compared to $3,625,923 for the three months ended March 2, 2007.

The Company lost $335,415, or $0.02 per share for the first quarter of 2008 compared to prior year loss of $390,956, or $0.02 per share for the same period. There were no special, one-time credits associated with either quarter's results.

Mr. David Cole, the Company's CFO, stated, “The trend of improving gross operating margin we first reported in last year's first quarter, again yielded tangible results in this most recently concluded quarter. Our net loss was reduced by fourteen percent on approximately 70% of the net sales volume.”

Cole continued, “We will continue to focus on controlling costs because that focus has resulted favorably on our operating results over the last fifteen months in a difficult selling environment.

We will also continue to emphasize wise management of cash within the established parameters of our lending agreements.”

Mr. Robert Budd, the Company's CEO, stated, “We continue to be pleased with the trend of improvements in quarter over quarter operating margin.

This is one of the levers that we have control over and our people are doing a good job managing our costs.


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search