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Our business momentum will continue - Kenneth CEO
06 May '10
4 min read
Second Quarter Guidance
The Company today also issued revenue and earnings per share guidance for the quarter ending June 30th. The Company currently expects second quarter net revenues to grow between 7% and 10% with earnings in the range of breakeven to $0.03 per diluted share versus the year-ago loss of ($0.18) per share.
Ms. Granoff commented, "The strategic decisions we have made resulted in sales growth, significant margin increases, and expense leverage. We have enhanced our product offering and our brand remains strong. We expect to see continued improvement in our financial performance in the second quarter and beyond."
Kenneth Cole, Chairman and Chief Creative Officer, concluded, "We are pleased with the progress in all of our operating businesses this past quarter. We believe we are on the right path and remain committed to continued growth, which includes exploring all strategic avenues that enhance shareholder value".
The Company today also issued revenue and earnings per share guidance for the quarter ending June 30th. The Company currently expects second quarter net revenues to grow between 7% and 10% with earnings in the range of breakeven to $0.03 per diluted share versus the year-ago loss of ($0.18) per share.
Ms. Granoff commented, "The strategic decisions we have made resulted in sales growth, significant margin increases, and expense leverage. We have enhanced our product offering and our brand remains strong. We expect to see continued improvement in our financial performance in the second quarter and beyond."
Kenneth Cole, Chairman and Chief Creative Officer, concluded, "We are pleased with the progress in all of our operating businesses this past quarter. We believe we are on the right path and remain committed to continued growth, which includes exploring all strategic avenues that enhance shareholder value".
Kenneth Cole Productions Inc
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