Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Women's sleepwear company posts Q3 financial results
Women's sleepwear company posts Q3 financial results
19
May '08
Jaclyn Inc reported financial results for the third quarter ended March 31, 2008.

Net sales for the three-month period ended March 31, 2008 were $31,187,000 compared to $34,705,000 a year earlier. The Company reported a third quarter net loss of $457,000, or $.19 per diluted share, compared to a net loss in the fiscal 2007 third quarter of $1,487,000, or $.60 per diluted share, which includes a pretax pension plan settlement charge of $3,089,000 ($1,970,000 after tax, or $.78 per diluted share).

Net sales for the nine-month period ended March 31, 2008 were $108,833,000 compared to $122,913,000 for the same period last year.

Net earnings for the nine-month period ended March 31, 2008 were $444,000, or $.18 per diluted share, compared to net earnings of $692,000, or $.27 per diluted share, which includes a pretax pension plan settlement charge of $3,089,000 in the same period last year ($1,970,000 after tax, or $.78 per diluted share).

Commenting on the financial results, Allan Ginsburg, Chairman of the Board, stated "we experienced decreases in net sales for the quarter and year-to-date periods, in particular, in our children's apparel and handbag divisions.

However, a portion of these decreases is the result of the timing of certain orders for our children's apparel division, which we expect to ship in the fourth quarter of fiscal 2008.

We believe our fiscal 2008 net sales will be slightly below our fiscal 2007 net sales level.


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

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...

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

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),...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


September 2018

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

news category


Related Categories:

Advanced Search