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Tandy Brands Accessories Q2 net income falls 57.5%
28 Jan '06
3 min read
This could result in the discontinuance of certain areas of their women's business before the end of their current fiscal year.
Their initiatives to improve shareholder return also include a focus on the growth and penetration of successful product lines, scheduling improvement, margin increases and expense reduction."
"He is pleased to announce Jane Batts has just been hired as the new President of their Women's division," continued Jenkins.
"Jane brings over 20 years of women's merchandising experience, leadership, a great deal of enthusiasm and a fresh approach to their businesses.
The Company anticipates full year fiscal 2006 sales to be in the range of $218 to $223 million, about flat with last year's sales.
Excluding the impairment charge described above and any potential restructuring charges, full year fiscal 2006 earnings are anticipated to be in the range of $0.32 to $0.39 per diluted share.
The Company reported in its press release on January 19, that the Board of Directors approved a quarterly dividend of $0.0275 per common share that will be payable April 20, 2006, to shareholders of record at the close of business on March 31, 2006.
Tandy Brands Accessories Inc designs, manufactures and markets fashion accessories for men, women and children.
Key product categories include belts, wallets, handbags, suspenders, socks, scarves, neckwear, gifts, sporting goods, and cold weather and hair accessories.
Their initiatives to improve shareholder return also include a focus on the growth and penetration of successful product lines, scheduling improvement, margin increases and expense reduction."
"He is pleased to announce Jane Batts has just been hired as the new President of their Women's division," continued Jenkins.
"Jane brings over 20 years of women's merchandising experience, leadership, a great deal of enthusiasm and a fresh approach to their businesses.
The Company anticipates full year fiscal 2006 sales to be in the range of $218 to $223 million, about flat with last year's sales.
Excluding the impairment charge described above and any potential restructuring charges, full year fiscal 2006 earnings are anticipated to be in the range of $0.32 to $0.39 per diluted share.
The Company reported in its press release on January 19, that the Board of Directors approved a quarterly dividend of $0.0275 per common share that will be payable April 20, 2006, to shareholders of record at the close of business on March 31, 2006.
Tandy Brands Accessories Inc designs, manufactures and markets fashion accessories for men, women and children.
Key product categories include belts, wallets, handbags, suspenders, socks, scarves, neckwear, gifts, sporting goods, and cold weather and hair accessories.
Tandy Brands Accessories
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