Home / Knowledge / News / Fashion / Joe's Jeans sees strong growth in men's line
Joe's Jeans sees strong growth in men's line
15
Apr '08
Joe's Jeans Inc announced financial results for the first quarter ended February 29, 2008. Highlights were:

• Gross sales increased 23% over the first quarter of 2007, exceeding gross sales guidance of 15% growth by 8 percentage points.
• Net sales improved 10% to $15.2 million compared to $13.8 million in the first quarter of 2007 which included an increase of $975,000 in the prior year period relating to an adjustment for returns.
• Gross margins of 45% compared to 37% in the prior year period and a 300 basis point improvement over gross margins of 42% in the fourth quarter of 2007.
• Fourth consecutive quarter of profitability with net income of $843,000 compared to a net loss of $173,000 in the first quarter of 2007, translating into earnings per share of $0.01 on a fully diluted basis.
• Announcement of two retail outlet stores for Fall 2008 at Woodbury Common Premium Outlets in New York and Orlando Premium Outlets in Florida.

Marc Crossman, President and Chief Executive Officer, commented, "We are very pleased to start 2008 off with a strong first quarter. These financial results reflect continued sales growth of the Joe's brand, as well as continued increases to our gross margins.

The sales growth continues to be driven primarily by solid performance in our women's domestic business, strong growth in our men's line and gains in international sales as a result of recent efforts to realign our business overseas. Additionally,we are extremely excited to be opening retail stores in 2008, and believe all of these efforts will lead to long-term success for the Joe's brand and its shareholders."


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

HKL Magu welcomes Amitabh Kant, CEO, NITI Aayog; Courtesy: AEPC

Apparel/Garments | On 23rd Feb 2018

AEPC completes 40 years of operation

The Apparel Export Promotion Council (AEPC) has successfully...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

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

Marcel Alberts
Eurofibers

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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