Joe's Jeans provides updated earnings guidance for Q4 08

13 Jan '09

1 min read

Joe's Jeans Inc announced that it is providing an update on its earnings guidance for its fourth quarter of fiscal 2008.

The Company expects its fourth quarter net sales to be between $17.4 and $17.7 million and earnings per share of approximately $0.01 to $0.02 per share. The reason for the change in net sales is primarily due to the Company experiencing lower than expected reorders during the holiday selling season from both department and specialty stores.

The Company is currently completing its financial statements for the fiscal year ended November 30, 2008 in advance of the filing of its Annual Report on Form 10-K on or before February 28, 2009 and expects to provide more information on its fourth quarter and full fiscal year 2008 on its conference call tentatively scheduled for February 27, 2009.

Joe's Jeans Inc. designs, produces and sells apparel and apparel-related products to the retail and premium markets under the Joe's brand and related trademarks.

Joe's Jeans Inc

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