Cost reduction initiatives on track for Liz Claiborne
15 Feb '08
2 min read
The adjusted year and fourth quarter 2006 results exclude the impact of expenses incurred resulting from the Company's previously announced streamlining activities.
The Company believes that the adjusted estimated results for the fourth quarter and full year 2007 and the adjusted results for the fourth quarter and year 2006 represent a more meaningful presentation of its historical and estimated operations and financial performance since it provides period to period comparisons that are consistent and more easily understood.
A table reconciling these adjusted estimated results to the most directly comparable GAAP estimated results is included in this release.