Kenneth CEO pleased with outcome of holiday season
15 Feb '10
4 min read
Also contributing to the expected non-cash charges in the fourth quarter are charges for a write down of leasehold improvements for certain retail locations as well as a partial write-down of intangible assets associated with the Le Tigre trademark. As a result of these non-cash charges, the Company expects to report on a GAAP basis a loss of approximately ($2.88) per share for the fourth quarter. Final earnings results for the quarter and year ended December 31, 2009 will be reported by the Company on March 2, 2010.
Jill Granoff continued, "We are making inroads against many of our strategic initiatives and have achieved quarter over quarter improvement. Our brand resonates well with today's discerning consumer and we believe we have significant upside potential. With continued focus on product innovation and compelling brand delivery, we project that we will return to growth and profitability in 2010 and create increased value for our shareholders."
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