Home / Knowledge / News / Fashion / Net sales fall at maternity apparel retailer
Net sales fall at maternity apparel retailer
23
Apr '08
Mothers Work Inc, the world's leading maternity apparel retailer, announced operating results for the second quarter of fiscal 2008 ended March 31, 2008.

Net loss for the second quarter of fiscal 2008 was $(0.4) million, or $(0.07) per common share (diluted), compared to net income for the second quarter of fiscal 2007 of $2.6 million, or $0.41 per common share (diluted).

The net loss for the second quarter of fiscal 2008 of $(0.07) per share was consistent with the Company's updated second quarter earnings per share guidance range of a loss of between $(0.05) and $(0.10) per share provided in its April 10, 2008 press release, but was below its previous diluted earnings per share guidance range of between $0.19 and $0.35 per share provided in its January 24, 2008 press release. Net loss before debt repurchase charges for the second quarter of fiscal 2008 was $(0.4) million, or $(0.06) per common share (diluted).

Net loss for the first six months of fiscal 2008 was $(0.7) million, or $(0.13) per common share (diluted), compared to net income for the first six months of fiscal 2007 of $4.0 million, or $0.64 per common share (diluted).

Net loss before debt repurchase charges for the first six months of fiscal 2008 was $(0.7) million, or $(0.12) per common share (diluted), compared to net income before debt repurchase charges for the first six months of fiscal 2007 of $5.2 million, or $0.85 per common share (diluted).

The debt repurchase charge for the second quarter and first six months of fiscal 2008, of $23,000 after tax, resulted from the Company's prepayment of $5 million of its outstanding Term Loan in March 2008. The debt repurchase charge for the first six months of fiscal 2007, of $1.3 million after tax, resulted from the Company's redemption of $25 million of its outstanding 11-1/4% Senior Notes in December, 2006.


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Sonia Agarwal
Whitenife

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

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

C Dhandayuthapani

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search