Home / Knowledge / News / Textiles / Net sales at Hancock Fabrics registers decline of 4.6%
Net sales at Hancock Fabrics registers decline of 4.6%
18
Apr '08
Hancock Fabrics Inc filed its 2007 10-K and reported sales and earnings for the fiscal year ended February 2, 2008 (fiscal 2007).

• With the filing of the 2007 10-K, the Company will be current with all required Securities and Exchange Commission filings.

• Net sales for the year from continuing operations were $276 million, a decrease of 4.6% over fiscal 2006. Same store sales, excluding liquidating stores, increased by 0.5% over the previous year.

• Loss from continuing operations was $24.3 million, an improvement of 21% from a $30.7 million loss for 2006.

• EBITDA from continuing operations before reorganization expenses for the year was a profit of $815,000 compared to a loss of $26.3 million in fiscal 2006.

• Diluted loss per share from continuing operations for fiscal 2007 was $1.28, an improvement of 22% from a loss of $1.64 in the prior year. Diluted loss per share for fiscal 2007 includes charges of $0.79 for approximately $14.9 million of reorganization costs associated with our bankruptcy proceedings and $0.05 for approximately $1 million of tax expense related to the revised estimate of a state tax settlement.

• Diluted loss per share from continuing operations before reorganization expenses for fiscal 2007 was $0.49, an improvement of 70% from a loss of $1.64 in the prior year.

• Fiscal 2007 included 52 weeks of operations compared to 53 weeks in fiscal 2006, with the additional week falling inthe fourth quarter of fiscal 2006.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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