Home / Knowledge / News / Apparel/Garments / Movie Star reports Q3 fiscal 2006

Movie Star reports Q3 fiscal 2006

16
May '06
Ladies apparel retailer Movie Star Inc announced financial results for the fiscal 2006 third quarter and nine months ended March 31, 2006.

For the fiscal 2006 third quarter, net sales decreased to $11,940,000 from last year's $14,659,000. Gross margin, as a percentage of sales, increased 350 basis points to 27.2 percent for the fiscal 2006 third quarter compared with 23.7 percent in the fiscal 2005 third quarter.

Pre-tax income of $462,000 was recorded for the 2006 third quarter, as compared with a pre-tax loss of $1,269,000 in the same quarter last year. In the current year's third quarter, we recorded a non-recurring gain of $1,424,000 from the insurance settlement related to the damage caused by Hurricane Katrina to the Poplarville, Mississippi distribution center. The Company recorded net income of $276,000, or $0.02 per diluted share, for the fiscal 2006 third quarter, as compared to a net loss of $761,000, or a loss of $0.05 per share, for the third quarter of fiscal 2005.

Net sales for the fiscal 2006 nine months decreased to $43,444,000 from $50,479,000 in the same period a year ago. For the fiscal 2006 nine months, the gross margin increased 380 basis points to 28.2 percent from 24.4 percent in the comparable fiscal 2005 period. Pre-tax income of $860,000 was recorded for the 2006 nine months, as compared with a pre-tax loss of $1,777,000 in the period last year.

Included in the pre-tax income for the 2006 nine-month period was the previously mentioned $1,424,000 insurance gain. The Company recorded net income of $515,000, or $0.03 per diluted share, versus a net loss of $1,066,000, or a loss of $0.07 per share, in the fiscal 2005 comparable period.


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Prakhar Singh,

Prakhar Singh

Morgan Tecnica offers the largest and most modern range of solutions for...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


April 2021

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


Advanced Search