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Finlay Enterprises reports sales for two-month period
10 Jan '08
3 min read
In addition, the Company now estimates for full year fiscal 2007 a net loss per share on a continuing operations basis in the range of $0.90 to $1.00, EBITDA in the range of $31 million to $33 million, and total sales in the range of $835 million to $845 million, excluding the discontinued Parisian store group.
Arthur E. Reiner, Chairman and Chief Executive Officer of Finlay Enterprises, Inc. commented, "We are disappointed with our results for the holiday period, which were negatively impacted by weak consumer confidence and a difficult retail environment. Despite these challenges, we continue to conservatively manage our expense structure and our inventory."
"Having completed our recent financing of our revolving credit facility, we are highly focused on integrating the recently acquired Bailey Banks & Biddle business, which we expect will be a significant contributor to our profitability in the future."
Arthur E. Reiner, Chairman and Chief Executive Officer of Finlay Enterprises, Inc. commented, "We are disappointed with our results for the holiday period, which were negatively impacted by weak consumer confidence and a difficult retail environment. Despite these challenges, we continue to conservatively manage our expense structure and our inventory."
"Having completed our recent financing of our revolving credit facility, we are highly focused on integrating the recently acquired Bailey Banks & Biddle business, which we expect will be a significant contributor to our profitability in the future."
Finlay Enterprises Inc
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