Home / Knowledge / News / Fashion / True spring collection features new denim styling details
True spring collection features new denim styling details
17
Jan '08
True Religion Apparel Inc reported preliminary net sales results for the fourth quarter and fiscal year ended December 31, 2007, and issued guidance for the fiscal year ending December 31, 2008.

The Company expects to report net sales for the 2007 fourth quarter of approximately $52.4 million, an increase of 75.9% from $29.8 million in the 2006 fourth quarter. For the year ended December 31, 2007, net sales will be approximately $173.0 million, which is above the previously issued net sales guidance of $167.0 million, and represents an increase of 24.4% over 2006 net sales of $139.0 million.

"Our record fourth quarter and year ended 2007 sales growth reflect the strength of our expanded product assortment and continued growth in our consumer direct business," said Jeffrey Lubell, chairman and chief executive officer of True Religion.

"We experienced widespread growth across all of our business segments driven by the strength of our Fall and Holiday 2007 collection. As a result, our US Wholesale business experienced year-over-year increases in net sales of 64% and 25% for the fourth quarter and second half of 2007, respectively."

Michael Buckley, president of True Religion, stated, "Our Consumer Direct business' net sales increased by 280% in the fourth quarter and by 485% in 2007 as we increased our store count from four to 15 in 2007. We are especially pleased with our branded retail store rollout, which allows us to showcase the breadth of our merchandise offering."

For fiscal 2008, True Religion expects net sales of approximately $210 to $215 million, representing an increase of approximately 21% to 24%, respectively, over preliminary 2007 annual net sales.

Earnings per diluted share is anticipated to be between $1.48 and $1.52 for the year. The Company's effective tax rate for the year is anticipated to be 42.0%.


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.0%
No
13.0%
Skip
17.0%

Total Votes: 100

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.0%
No
30.0%
Skip
7.0%

Total Votes: 100

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.0%
No
9.0%
Skip
3.0%

Total Votes: 100

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.0%
No
8.0%
Skip
9.0%

Total Votes: 100


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