Home / Knowledge / News / Fashion / Tommy Hilfiger's preliminary fiscal year 2005 announcement

Tommy Hilfiger's preliminary fiscal year 2005 announcement

Sep '05
Fashionable clothing marketer Tommy Hilfiger Corporation reported preliminary net income for its fiscal year ended March 31, 2005 and announced that prior year financial statements will be adjusted slightly as a result of an accounting restatement.

Fiscal Year 2005 Results
The Company reported preliminary net income for the fiscal year ended March 31, 2005 of approximately $86 million, or $0.93 per diluted share. Preliminary pretax income for fiscal 2005 is expected to be approximately $89 million as compared to the previously reported estimate of $92 million announced in June 2005.

As previously disclosed in its June 15, 2005 and August 10, 2005 press releases, the Company had been in the process of determining whether a restatement was required in connection with tax matters, lease accounting and other out of period adjustments. The Company has now concluded that it should restate its financial results for the fiscal years ended March 31, 2001, 2002, 2003 and 2004, as well as for the first quarter of the fiscal year ended March 31, 2005.

The Company will file today a Form 8-K with the Securities and Exchange Commission ("SEC"), which details the restatement. The Company considers the impact of the restatement as set forth in this press release and the Form 8-K to be preliminary until it files its financial statements with the SEC. When the Company files its financial statements with the SEC, it does not anticipate there will be any significant changes from the preliminary restated financial results.

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

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


Amazon China
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
MAS Active / MAS Kreeda / MAS Bodyline
Lululemon Athletica Inc
OVS Hong Kong Sourcing Ltd.
Gokaldas Exports Limited
Sainsbury's Argos Asia Limited
LC Waikiki
Gap International Sourcing Limited
Bluestem Global Sourcing Limited
Gloria Jeans
Seasalt Limited
IDH – The Sustainable Trade Initiative
Vianney Textil Hogar S.A. De C.V.
Brandix Lanka Limited
Tommy Hilfiger

January 2022

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

Advanced Search