Home / Knowledge / News / Fashion / Denim apparel Co Blue Holdings reports strong Q2 sales

Denim apparel Co Blue Holdings reports strong Q2 sales

09
Aug '05
High-end fashion jeans and denim apparel company Blue Holdings Inc announced its financial results for the second quarter ended June 30, 2005. A conference call supplementing the information contained in this release is scheduled for today, Monday, August 8, at 10:00 a.m., Eastern Daylight Time (EDT).

Second Quarter Results
Net sales for the three months ended June 30, 2005, totaled $4.4 million. Gross profit for the period was $2.4 million, or 53 percent of total sales, and net income after provision for taxes was $0.53 million, or $0.02 per share. General and administrative expenses for the period totaled $1.1 million and included $0.48 million in expenses relating to the exchange transaction with Antik Denim. Selling & distribution expenses were $0.5 million.

Six Month Results
Net Sales for the six months ended June 30, 2005 totaled $8.8 million. Gross profit for the period was $4.5 million, or 50.4 percent of total sales. Net income for the period, after provision for taxes, was $1.7 million, or $0.07 per share.

General and Administrative expenses were $1.7 million including $0.48 million in expenses relating to the exchange transaction. Selling and distribution expenses totaled $1 million.

Click here to see the details:

According to the Company's Chairman, Chief Executive Officer and President, Paul Guez: " The continuing effort to improve gross margin by diversifying the production sources and locations has paid off in the form of better gross margins, but the process of getting new factories and vendors up to speed caused a slow down of the deliveries in the second quarter. They have orders in the third quarter close to $10 million which they expect to translate into higher revenue in the quarter."


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 20th Feb 2020

Bangla garment accessories sector may lose Tk 1500 cr

Bangladesh's garments accessories and packaging sector may incur a...

Pic: Shutterstock

Textiles | On 20th Feb 2020

CV outbreak lowered China's cotton consumption: USDA

The novel coronavirus (CV) outbreak and its potential ramifications...

Pic: freemind-production / Shutterstock.com

Retail | On 20th Feb 2020

Authentic Brands announces acquisition of Forever 21

Authentic Brands Group (ABG), a global brand development, marketing,...

Interviews View All

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

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


Advanced Search