Home / Knowledge / News / Fashion / Q2 revenues soar at fashion distributor Mossimo

Q2 revenues soar at fashion distributor Mossimo

12
Aug '05
Santa Monica based fashion distributing company Mossimo Inc announced financial results for the second quarter ended June 30, 2005.

Mossimo Inc reported second quarter 2005 total net revenues increased to $9.0 million compared to $6.2 million for the same period last year. The Company reported second quarter net earnings of $2.2 million compared to net earnings of $1.0 million for the same period last year, and diluted earnings per share of $0.14 compared to diluted earnings per share of $0.06 for the same period last year.

Net revenues for the six months ended June 30, 2005 were $17.7 million compared to $12.4 million in the same period last year. The company reported net earnings for the first six months of 2005 of $4.0 million compare to net earnings of $2.2 million in the corresponding period a year ago, and diluted earnings per share of $0.26 compared to diluted earnings per share of $0.14 for the same period last year.

Edwin Lewis, President and Co-Chief Executive Officer stated, "The second quarter results were driven by the growth of the Mossimo brand at Target, in particular, their women's black label and red label, women's shoes, men's wovens and bottoms all performed well."

"At the same time, revenues at Zellers were flat year-over-year as they continue to experience merchandising issues in the Canadian marketplace. With regard to Modern Amusement, their margins were impacted by higher off price sales and the write down of slower moving inventory."

It established in 1987, Mossimo Inc is a designer, licensor and distributor of men's, women's, boy's and girl's apparel, footwear, and other fashion accessories such as jewelry, watches, handbags, and belts.

Mossimo Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Pic: UNCTAD

Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Interviews View All

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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