Maidenform reports diluted earnings per share of $0.32 in Q3
07 Nov '07
2 min read
Mr. Ward continued, "Under our stock repurchase plan, we acquired $10.3 million of our common stock, or 633,850 shares, since the Board increased the share repurchase program on August 7, 2007.
We executed this repurchase plan confident that our organization continues to be highly focused on maximizing our growth opportunities through brand building, sourcing initiatives, expense management, and expanding with our current customer base while identifying new opportunities globally."
Financial Results for Third Quarter 2007 versus Third Quarter 2006: Net sales for the third quarter of 2007 decreased $13.6 million, or 12.0%, to $100.2 million. Wholesale segment net sales in the third quarter of 2007 decreased $14.0 million, or 14.5%, to $82.5 million.
Total international sales, which are included in the wholesale segment, increased $2.1 million, or 26.9%, to $9.9 million. Retail segment net sales increased $0.4 million, or 2.3%, to $17.7 million in the third quarter of 2007. Same store sales for Maidenform's retail outlet stores increased 2.2% in the third quarter of 2007.