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I.C. Isaacs & Co net sales declines to $17.5 mn in Q4
03 Apr '06
3 min read
Full Year 2005 Results
Net sales for fiscal 2005 increased 3.3 percent to $83.3 million compared to $80.7 million in the prior year period.
Gross profit margins increased 260 basis points to 41.1 percent in 2005 from 38.5 percent in 2004. The Company experienced higher gross profit and gross margins due to higher initial markups on its products and better performance liquidating unsold inventory, particularly in the second half of 2005.
Fiscal 2006 Operating Forecast
The company is comfortable it will grow earnings at least 10 percent in the first half of fiscal 2006 with the growth occurring in the second quarter. For the full 2006 fiscal year, the company expects earnings to grow at a pace of approximately 20 percent over the 2005 diluted earnings per share result of $0.61, excluding the one-time settlement charge.
I.C. Isaacs & Company Inc is a designer and marketer of branded casual denim and sportswear based in New York and Baltimore. The Company offers full lines of casual denim and sportswear for men and women under the Marithe & Francois Girbaud brand in the United States and Puerto Rico.
Net sales for fiscal 2005 increased 3.3 percent to $83.3 million compared to $80.7 million in the prior year period.
Gross profit margins increased 260 basis points to 41.1 percent in 2005 from 38.5 percent in 2004. The Company experienced higher gross profit and gross margins due to higher initial markups on its products and better performance liquidating unsold inventory, particularly in the second half of 2005.
Fiscal 2006 Operating Forecast
The company is comfortable it will grow earnings at least 10 percent in the first half of fiscal 2006 with the growth occurring in the second quarter. For the full 2006 fiscal year, the company expects earnings to grow at a pace of approximately 20 percent over the 2005 diluted earnings per share result of $0.61, excluding the one-time settlement charge.
I.C. Isaacs & Company Inc is a designer and marketer of branded casual denim and sportswear based in New York and Baltimore. The Company offers full lines of casual denim and sportswear for men and women under the Marithe & Francois Girbaud brand in the United States and Puerto Rico.
I.C. Isaacs & Company
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