Fiscal 2006 Operating Forecast
For the first time, the Company is issuing preliminary projected guidance for the 2006 fiscal year. Based on current product demand, the Company anticipates total sales of $128 to $138 million and diluted earnings per share of $1.10 to $1.15.
Mr. Lubell concluded, "They see exciting growth opportunities in all aspects of their business. their bookings once again remain at an all time high, their balance sheet continues to improve and their inventories are growing responsibly in anticipation of strong product demand ahead.
The current guidance for the second half of fiscal 2005 as well as their preliminary guidance for 2006 indicate that the overall business opportunity for True Religion products, both in the U.S. and abroad, is stronger than ever. They remain incredibly excited about the direction of their business and remain focused on increasing their profitability in all channels of distribution. They look forward to continued success for the second half of the fiscal year."
Los Angeles based True Religion Apparel Inc, through its wholly owned subsidiary Guru Denim, Inc. manufactures, markets, distributes and sells "True Religion Brand Jeans" in the United States, Japan, Canada, Mexico, the United Kingdom, Europe, South Africa and Australia.
True Religion Brand Jeans can be found in the United States at Neiman Marcus, Saks FifthAvenue, Ron Herman, Henri Bendel, Bloomingdales, Nordstrom, Barneys and greater than 500 fashion boutique clothing stores throughout the United States and Canada. True Religion Brand Jeans can also be found at fine stores in Japan, including Isetan and Barneys Japan; in England, including Selfridges, Harrod's and Harvey Nichols; in France, including Galleries Lafayette.
True Religion Apparel Inc
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