Home / Knowledge / News / Fashion / Pacific Brands lowers H1 earnings forecast

Pacific Brands lowers H1 earnings forecast

Jan '06
Consumer brands managing firm Pacific Brands Limited (Pacific Brands) are still finalizing their half year results.

However, given the recent volatility in the company's share price, Pacific Brands wish to advise that earnings before interest, tax and amortisation (EBITA) for the first half of the 2006 financial year, ending 31 December 2005 is anticipated to be 2-5 percent lower than the EBITA for the previous corresponding half year period.

As stated at the full year results announcement in August 2005, there has been a general weakness in the apparel market, in particular the women's underwear segment and this trend continued in the first half of FY2006 with heavy discounting and an oversupplied market.

Commenting on the results, Chief Executive Officer Paul Moore stated, “Following a difficult first quarter at retail with subdued consumer demand, a stronger November and December than last year, were not enough to make up the earlier shortfall.”

“With strong marketing programmes being implemented in the second half, continued support of our brands and benefits from the acquisitions made in this first half, improvements in the second half are anticipated,” he added.

Pacific Brands manages 'Everyday Essential Brands', marketing some of the most recognized brands across Australia and New Zealand including Actil, Berlei, Bonds, Clarks (children's), Dunlop, Everlast, Grosby, Holeproof, Hush Puppies, KingGee, Sheridan, Slazenger, Sleepmaker and Tontine.

Pacific Brands' commitment to market leadership has provided it with number one or two positions across its major product categories in Australia and New Zealand which include underwear, socks, intimate apparel, hosiery, footwear, bedding, bedding accessories and foams.

Pacific Brands Limited

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


The Top Form Brassiere Manufacturing Company Limited
Cat Tuong Real Estate Group Joint Stock Company
Tommy Hilfiger
Aquarelle Clothing Limited
Hela Clothing Pvt Ltd
Bluestem Global Sourcing Limited
Vardhman Textile Ltd
Aramark Uniform ;& Career Apparel, LLC
Boardriders Asia Sourcing Limited
Restoque S.A.
Sportswear Company Spa
Vianney Textil Hogar S.A. De C.V.
Under Armour Global Sourcing Ltd
The LYCRA Company Singapore  Pte. Ltd
Gloria Jeans

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search