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Kenneth Cole achieves Q3 operating guidance
05 Nov '08
3 min read
The Company's consolidated inventories increased slightly to $56.5 million at September 30, 2008 versus the year-ago level of $56.2 million. Wholesale inventories decreased by 6.8% to $28.1 million, consistent with the business trend. Consumer Direct inventories increased 8.7% to $28.4 million primarily to support new stores.
The Company's balance sheet remained strong at September 30, 2008 with cash and cash equivalents of $51.0 million and no long-term debt. In addition, the Company announced today that its board of directors had approved its quarterly dividend of $0.09 per share. The dividend is payable on December 11, 2008 to shareholders of record as of November 20, 2008.
The Company's balance sheet remained strong at September 30, 2008 with cash and cash equivalents of $51.0 million and no long-term debt. In addition, the Company announced today that its board of directors had approved its quarterly dividend of $0.09 per share. The dividend is payable on December 11, 2008 to shareholders of record as of November 20, 2008.
Kenneth Cole Productions Inc
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