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High margins & lower costs pep apparel & accessories maker Jaclyn's earnings

15
Feb '06
Apparel and Fashion Accessories Company Jaclyn Inc reported financial results for the quarter and six-months ended December 31, 2005.

Net Sales for the quarter were $35,514,000, compared to $38,441,000 for last year's comparable quarter.

The Company reported net earnings of $931,000, or $.37 per diluted share, for the quarter ended December 31, 2005.

This compares to net earnings of $156,000, or $.06 per diluted share, for the same period last year.

Net sales for the six-month period ended December 31, 2005 were $64,762,000, compared to $74,246,000 for the same period last year.

Net earnings for the six-month period ended December 31, 2005 were $1,077,000, or $.42 per diluted share, compared to net earnings of $1,021,000, or $.38 per diluted share, in the first six months of the prior year.

Allan Ginsburg, Chairman of the Board, stated that, "They are pleased with the improved earnings during the second quarter compared to the same period last year, despite lower sales volume.

Higher margins, mostly on apparel shipments in this year's second quarter in addition to lower shipping and interest costs, accounted for the earnings improvement."

He added, "The second half of fiscal 2006 will be challenging in light of several factors, including the unknown impact of higher energy costs on consumer spending.

They continue to explore other businesses which have synergy with their existing businesses."

Jaclyn Inc is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories.

Jaclyn Inc


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