Jones Apparel Group reports Q3 2006 financial results

25 Oct '06

2 min read

"The better wholesale apparel business expanded its operating profit margin by over 150 basis points, benefiting from improved gross margins and lower operating expenses versus the year ago period. Additionally, our collective denim businesses (which include Gloria Vanderbilt and l.e.i.) experienced an approximate 100 basis point operating margin expansion, and the moderate sportswear business achieved its planned operating margin target for the period.”

The Board of Directors approved a 17 percent increase in the quarterly cash dividend from $0.12 per share to $0.14 per share, which is available to all common stockholders of record as of November 17, 2006 for payment on December 1, 2006.

The Company will host a conference call with management to discuss these results at 9:00 a.m. eastern time today, which is accessible by dialing 412-858-4600 or through a web cast at company website. The call will be recorded and made available through November 2, 2006 and may be accessed by dialing 877-344-7529. Enter account number 397483.

Jones Apparel Group Inc

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