Interviews
News Flash
R.G. Barry profit slips in first quarter
04 Nov '08
5 min read
“We are financially strong and remain confident that our strategies for growing the business and increasing the value of our company for the long term are correct. Shareholders' net equity continues to grow at rates significantly above our peers. Our balance sheet reflects this increasing value and our overall excellence in managing the Company's resources with a long-term view."
"We are continuing our search for category-appropriate acquisitions that can add meaningfully to our top line, are accretive to earnings and will further balance out the seasonal and demographic aspects of our business model. Over the past year, we have analyzed to varying degrees several businesses that met our initial criteria as it relates to acquisition size and category."
"Ultimately, these businesses did not pass our screening process, and we elected to move on. We believe that the universe of potential acquisitions at attractive prices will continue to expand as the current economic downturn plays out, and that we will find opportunities that make sense from both a business and fiscal perspective."
“The Christmas season has traditionally been the most productive period of our fiscal year, and we expect that to be the case once again this year."
"As the critical holiday shopping season approaches, we are working very closely with retailers to manage in-store inventory to maximize retail sell-through. We are leveraging all of our strengths as the category leader to help our retailing partners succeed with us this year. Our footwear products always have been viewed as attractive, affordable holiday gifts that offer great value and utility. We think these same qualities will appeal to a much broader cross-section of value-conscious holiday shoppers this year."
“We plan to update our annual revenue guidance and provide earnings benchmarks early next year when we report our second quarter results. At that time we will have a much clearer picture of our full-year performance,” Mr. Tunney concluded.
"We are continuing our search for category-appropriate acquisitions that can add meaningfully to our top line, are accretive to earnings and will further balance out the seasonal and demographic aspects of our business model. Over the past year, we have analyzed to varying degrees several businesses that met our initial criteria as it relates to acquisition size and category."
"Ultimately, these businesses did not pass our screening process, and we elected to move on. We believe that the universe of potential acquisitions at attractive prices will continue to expand as the current economic downturn plays out, and that we will find opportunities that make sense from both a business and fiscal perspective."
“The Christmas season has traditionally been the most productive period of our fiscal year, and we expect that to be the case once again this year."
"As the critical holiday shopping season approaches, we are working very closely with retailers to manage in-store inventory to maximize retail sell-through. We are leveraging all of our strengths as the category leader to help our retailing partners succeed with us this year. Our footwear products always have been viewed as attractive, affordable holiday gifts that offer great value and utility. We think these same qualities will appeal to a much broader cross-section of value-conscious holiday shoppers this year."
“We plan to update our annual revenue guidance and provide earnings benchmarks early next year when we report our second quarter results. At that time we will have a much clearer picture of our full-year performance,” Mr. Tunney concluded.
R.G. Barry Corporation
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