Maidenform Brands reports Q3 2006 results

08 Nov '06
3 min read

Maidenform Brands Inc, a global branded marketer of intimate apparel, announced financial results for the third quarter and year-to-date periods ended September 30, 2006.

Highlights for the third quarter of 2006 versus the third quarter of 2005 include:

Net sales increased 13.7 percent to $113.8 million.

Wholesale net sales increased 15.4 percent to $96.5 million.

Consolidated gross margins were 37.6 percent.

Net income increased to $8.9 million from $2.1 million.

Diluted earnings per common share were $0.37.

Total cash and cash equivalents was $16.5 million at the end of the third quarter. During the third quarter, Maidenform voluntarily prepaid $5.0 million of its debt outstanding, in addition to purchasing $1.5 million of its common stock.

The Company also paid an additional $5.0 million of its debt outstanding subsequent to September 30, 2006.

Financial Results for Third Quarter 2006 versus Third Quarter 2005
Net sales for the third quarter of 2006 increased $13.7 million, or 13.7 percent, to $113.8 million.

Wholesale segment net sales in the third quarter of 2006 rose $12.9 million, or 15.4 percent, to $96.5 million. Retail segment net sales increased $0.8 million, or 4.8 percent, to $17.3 million in the third quarter of 2006.

Department Stores & National Chain Stores
In the third quarter of 2006, net sales from the department stores and national chain stores channel increased $3.5 million, or 6.4 percent, to $58.3 million contributed by the introduction of the Lite Collection, continued penetration of the Lilyette full-figure brand and solid performance of the Flexees contemporary-firm products that utilize sew-free technology.

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,

Recommended

Advanced Search