Home / Knowledge / News / Apparel/Garments / My Vintage registers strong gross profit growth
My Vintage registers strong gross profit growth
Sep '08
My Vintage Baby Inc, a public children's apparel company, announced its financial results for the six months ended June 30, 2008.

Second Quarter Highlights: Gross sales increased 43% from $535,829 to $766,247 from the six months ended June 30, 2007 vs. June 30, 2008, and related margins increased 16% from $382,033 to $444,850 for the same periods.

This represents a gross margin percent increase from clothing and accessories of 32% to 45% year over year. Operating and overhead expenses increased slightly from $515,182 to $542,948.

Net loss attributable to common stockholders decreased to $278,439 compared to a loss of $388,172 in the prior year period.

“We are very pleased with our second quarter results, which mark another quarter of strong gross profit growth and demonstrate a measurable improvement in profitability,” commented CFO Jeff Welsh. The Company expects to continue to narrow their loss by also reducing operating and overhead expenses.

In addition to a stronger income statement, the Company has reduced debt resulting in a stronger balance sheet. Current Liabilities decreased 25% from $662,174 to $494,753 for the six months ended June 30, 2007 vs. June 30, 2008. Long term loans, exclusive of officer loans, decreased 25% from $253,505 to $190,796 year over year.

My Vintage Baby Inc

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search