Ennis Apparel Segment revenues up 4.8% for 9-months period
25 Dec '08
3 min read
"We are encouraged by the fact that our apparel margins returned to prior year levels, and we were able to maintain our print margins, even while both these segments experienced sales declines during the quarter.”
“We continue to be cautious about our ability to sustain these levels, given the economic environment and the speed at which market conditions have been changing, and recent pricing pressures initiated by competitors' discounting strategies."
"Given the current level of market uncertainty and volatility, we continue to believe the remainder of this fiscal year and the next will be extremely difficult for all companies. We are encouraged however, by how we have navigated these waters to date and look forward to the challenge that lies ahead.”