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Mossimo Q4 earnings down, revenue up
31 Mar '06
1 min read
Footwear, clothing and accessories company Mossimo Inc has announced financial results for the fourth quarter and fiscal year ended December 31st 2005.
The company reported fourth quarter 2005 total net revenues increased to $6.5 million compared to $3.2 million for the same period last year. It reported fourth quarter net earnings of $15,000 compared to net earnings of $629,000 for the same period last year.
Total revenues for the fiscal year ended December 31st 2005 were $31.0 million compared to $20.5 million in the same period last year. The company reported net earnings for fiscal 2005 of $4.7 million compared to net earnings of $2.7 million in the corresponding period, a year ago.
Edwin Lewis, President and Co-CEO stated, "We are pleased with our fiscal 2005 results, which were driven primarily by increased sales at Target and improvements at Modern Amusement."
Founded in 1987, Mossimo Inc is a designer, licensor and distributor of men's, women's, boy's and girl's apparel, footwear, and other fashion accessories such as jewelry, watches, handbags, and belts.
The company reported fourth quarter 2005 total net revenues increased to $6.5 million compared to $3.2 million for the same period last year. It reported fourth quarter net earnings of $15,000 compared to net earnings of $629,000 for the same period last year.
Total revenues for the fiscal year ended December 31st 2005 were $31.0 million compared to $20.5 million in the same period last year. The company reported net earnings for fiscal 2005 of $4.7 million compared to net earnings of $2.7 million in the corresponding period, a year ago.
Edwin Lewis, President and Co-CEO stated, "We are pleased with our fiscal 2005 results, which were driven primarily by increased sales at Target and improvements at Modern Amusement."
Founded in 1987, Mossimo Inc is a designer, licensor and distributor of men's, women's, boy's and girl's apparel, footwear, and other fashion accessories such as jewelry, watches, handbags, and belts.
Mossimo Inc
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