Tommy Hilfiger's preliminary fiscal year 2005 announcement
30 Sep '05
3 min read
The restatement is currently expected to reduce previously reported net income for the fiscal year ended March 31, 2004 from $132 million to approximately $131 million, a reduction of approximately $1 million, or $0.01 per diluted share. The previously reported net loss for the fiscal year ended March 31, 2003 will be increased from $513 million to approximately $518 million, an increase of approximately $5 million, or $0.06 per diluted share.
Filing Update The restated financial statements will be included in the Company's 10-K for its fiscal year ended March 31, 2005 and the Quarterly Report on Form 10- Q/A for the period ended June 30, 2004, which the Company expects to file in the near future. The Company also expects to file its Quarterly Reports on Form 10-Q for the periods ended September 30, 2004, December 31, 2004 and June 30, 2005 in the near future.
Fragrance and home furnishings seller Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's sportswear, jeanswear and childrenswear. The Company's brands include Tommy Hilfiger and Karl Lagerfeld. Through a range of strategic licensing agreements, the Company also offers a broad array of related apparel, accessories and footwear.
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