Interviews
News Flash
Apparel maker Blue Holdings reports $11.8 mn sales in Q4
08 Mar '06
3 min read
For the year ended December 31, 2005, Blue Holdings' net sales were $36.4 million.
Seventy percent of the sales were generated from Antik, 19.5 percent from Taverniti and 10.5 percent from Yanuk.
Net income was $5.1 million, or $0.20 per basic and diluted share based on 25.7 million weighted average shares outstanding.
Gross profit for the year ended December 31, 2005 was $18.0 million or 49.4 percent of sales.
"They are very pleased with the tremendous growth they experienced this past year.
All three of their brands have seen broad recognition in the market place.
In 2006, they look forward to continued growth at the pace of 2005 and are excited about the many opportunities they see in the market place," said Paul Guez, Blue Holdings' Chairman, Chief Executive Officer and President.
2006 Outlook
The Company expects 2006 net sales to be in the range of $60 million to $70 million.
The Company also expects gross profit margin to remain at the same levels as in 2005.
Blue Holdings Inc, directly and through its wholly owned subsidiaries, Antik Denim, LLC and Taverniti So Jeans, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories with a western flair under the "Antik Denim," "Yanuk," "Taverniti So Jeans," and "U" brands, both in the United States and internationally.
Seventy percent of the sales were generated from Antik, 19.5 percent from Taverniti and 10.5 percent from Yanuk.
Net income was $5.1 million, or $0.20 per basic and diluted share based on 25.7 million weighted average shares outstanding.
Gross profit for the year ended December 31, 2005 was $18.0 million or 49.4 percent of sales.
"They are very pleased with the tremendous growth they experienced this past year.
All three of their brands have seen broad recognition in the market place.
In 2006, they look forward to continued growth at the pace of 2005 and are excited about the many opportunities they see in the market place," said Paul Guez, Blue Holdings' Chairman, Chief Executive Officer and President.
2006 Outlook
The Company expects 2006 net sales to be in the range of $60 million to $70 million.
The Company also expects gross profit margin to remain at the same levels as in 2005.
Blue Holdings Inc, directly and through its wholly owned subsidiaries, Antik Denim, LLC and Taverniti So Jeans, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories with a western flair under the "Antik Denim," "Yanuk," "Taverniti So Jeans," and "U" brands, both in the United States and internationally.
Blue Holdings Inc
Popular News
Leave your Comments
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Anita Dongre & Yash Dongre
House of Anita Dongre Limited
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
