Home / Knowledge / News / Apparel/Garments / Strong sales growth in Maidenform's shapewear
Strong sales growth in Maidenform's shapewear
04
Mar '10
Maidenform Brands, Inc. a global branded marketer of intimate apparel, reported fourth quarter 2009 net sales of $109.2 million, an increase of 15.3% over the fourth quarter of 2008. Full year 2009 net sales were $466.3 million, a 12.8% increase over the same period last year. Reported EPS of $0.32 for the fourth quarter of 2009 and $1.56 for the full year 2009 were up from EPS of $0.10 and $1.05 in the fourth quarter and full year 2008, respectively.

• Net sales increased 15.3% and 12.8% in fourth quarter and full year, respectively
• Reported earnings per share (EPS) of $0.32 and $1.56 for fourth quarter and full year, respectively
• Mass merchant channel net sales increased 14.8% year over year
• Shapewear net sales increased 12.2% over 200
• Provides guidance for 2010 EPS to increase in the mid-teens percentage range
• Announces $50.0 million share repurchase authorization

Before the special items listed in Exhibit 2 of this press release, adjusted fourth quarter EPS more than doubled to $0.32 and full year EPS increased 18% to $1.30.

Total cash and cash equivalents at the end of the fourth quarter of 2009 were $89.2 million compared to $43.5 million at the end of the fourth quarter of 2008. The Company's outstanding debt was $87.3 million as of January 2, 2010 versus $88.4 million as of January 3, 2009.

Maurice S. Reznik, Chief Executive Officer, stated, "We are pleased with our 2009 performance and expect this momentum to continue in 2010. Our company is winning in the marketplace with innovative products, taking share across categories and channels, and thoughtfully executing our strategies to drive long term shareholder value."

Click here for more details.

Maidenform Brands Inc


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search