Jones Apparel CFO pleased with second quarter results

30 Jul '08

4 min read

Mr. McClain continued, "While we are pleased with our second quarter results, current consumer spending levels and the uncertain state of the economy leave us cautious, and we are therefore maintaining our guidance for 2008 full year adjusted earnings per share from continuing operations at a range of $1.20 to $1.35, compared with 2007 adjusted earnings per share from continuing operations of $1.26."

Mr. Card concluded, "We continue to manage through the environment and remain focused on growing our brands' market share by continuously improving in the three key areas for success -- people, product and execution, as well as leveraging our existing business relationships and exploring new ones. We will continue to be mindful of the economic conditions and the challenges being faced by our retail customers as we operate throughout the year."

The Company's Board of Directors has declared a regular quarterly cash dividend of $0.14 per share to all common stockholders of record as of August 15, 2008 for payment on August 29, 2008.

Jones Apparel Group Inc

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