Reflecting discontinued operations and the $36.8 million ($.32 per share) estimated loss on the sale of the intimates business, net income was $108.6 million, or $.95 per share.
For the full year 2006, revenues increased 10% to $6,215.8 million from $5,654.2 million in 2005, with strong growth across all our businesses.
Income from continuing operations rose 11%, to $535.1 million from $482.6 million, while earnings per share from continuing operations increased 12% to $4.73 from $4.23. Reflecting the net effect of discontinued operations, net income was $533.5 million, equal to $4.72 per share.
"This marks another record year of healthy organic growth across all our businesses," said Mackey J. McDonald, Chairman and Chief Executive Officer.
"The investments we've made in our brands and businesses continue to pay off in the form of strong top-line growth, providing us with confidence in our ability to sustain momentum and deliver attractive returns to our shareholders throughout 2007."