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

Denim apparel Co Blue Holdings reports strong Q2 sales

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

Textiles | On 1st Mar 2021

AfCFTA rules of origin talks to conclude in June: Egyptian

Talks are currently under way between member states of the African...

Pic: Fraser Group

Retail | On 1st Mar 2021

Frasers Group anticipates £100-mn hit from lockdown

Frasers Group recently said it could take a hit in excess of £100...

Pic: Shutterstock

Retail | On 1st Mar 2021

TJX Companies FY21 sales fall 4% to $32 bn

The TJX Companies, a US-based leading off-price apparel and home...

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

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

Advanced Search