Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
The Company's diluted earnings per share for its third quarter fiscal 2013 increased 23% compared to the prior year, and were at the top end of its April 25, 2013 earnings guidance range. On July 24, 2013 the Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.1875 per share payable September 27, 2013.
Third Quarter Fiscal 2013 Financial Results
- Net income for the third quarter of fiscal 2013 was $8.6 million, an increase of 24% compared to net income of $6.9 million for the third quarter of fiscal 2012. Diluted earnings per share for the third quarter of fiscal 2013 was $0.64, an increase of 23% compared to $0.52 for the third quarter of fiscal 2012. This third quarter fiscal 2013 diluted earnings per share performance was at the top end of the Company's prior guidance range of $0.56-$0.64 provided in its April 25, 2013 press release.
- Adjusted EBITDA was $17.8 million for the third quarter of fiscal 2013, an 11.1% increase compared to the $16.0 million of Adjusted EBITDA for the third quarter of fiscal 2012.
- Net sales for the third quarter of fiscal 2013 increased 2.2% to $141.9 million from $138.8 million for the third quarter of fiscal 2012.
The increase in sales for the third quarter of fiscal 2013 compared to fiscal 2012 resulted primarily from an increase in comparable sales, partially offset by decreased sales related to the Company's continued efforts to close underperforming stores, and decreased sales due to the closure of all of the Company's remaining leased departments within Babies"R"Us stores during the month of October 2012. The net sales of $141.9 million for the third quarter were near the top end of the Company's guidance range of $138 to $142 million provided in April 2013.
- Comparable sales (which include Internet sales) for the third quarter of fiscal 2013 increased 4.9% compared to a comparable sales decrease of 2.4% for the third quarter of fiscal 2012. The comparable sales increase of 4.9% during the third quarter of fiscal 2013 was near the top end of the Company's guidance range for a comparable sales increase of between 2% and 5%.
The Company's adjusted comparable sales increased 5.3% for the third quarter of fiscal 2013 and decreased 1.5% for the third quarter of fiscal 2012. The Company's Internet sales, which are included in the Company's comparable sales, increased 14% for the third quarter of fiscal 2013 on a reported basis, on top of a 30% increase in the third quarter of fiscal 2012.
| On 19th Sep 2020
Goldman Sachs has said US firms in only specific industries are...
Sri Lanka’s earnings from textiles and garments exports decreased by...
Avery Dennison Corporation Fastener Solutions has unveiled a tag...
Navigating through catalogues is a bit hasslesome
The foremost issue is bridging the skill gap
Trade buzz: This could be a landmark budget
Surat-based Sunrise Imports & Exports Co is a manufacturer and...
P V Kadole
Nine co-operative organisations from Ichalkaranji came together to form an ...
Luckytex is an integrated textile manufacturing company founded by...
Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
S Ziya Gumuser
Turkish nonwoven manufacturer Teknomelt has been around for only seven...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Sonam & Paras Modi
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
She has carved a niche for herself as the national brand of Turkey. Her...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.