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True Religion Apparel announces favorable Q3 results

11
Nov '05
True Religion Brand Jeans seller True Religion Apparel Inc announced results for the third quarter of fiscal 2005.

For the three month period ended September 30, 2005, net sales increased to $35.0 million compared to $7.4 million in the fiscal third quarter of the prior year.

Net income increased to $7.7 million, or $0.33 per diluted share compared to the year-ago level of $954,000, or $0.05 per diluted share.

The Company's third quarter results compare favorably to its updated third quarter earnings guidance of $0.29 to $0.30 per diluted share on approximately $35 million of revenue issued on October 11, 2005.

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True Religion Apparel Inc, through its wholly owned subsidiary Guru Denim Inc manufactures, markets, distributes and sells 'True Religion Brand Jeans' in the United States, Japan, Canada, Mexico, the United Kingdom, Europe, South Africa and Australia.

True Religion Brand Jeans can be found at Nordstrom, Neiman Marcus, Saks Fifth Avenue, Bloomingdales, Barney's, Urban Outfitters, Ron Herman, Henri Bendel, and approximately 600 fashion boutique clothing stores throughout the United States and Canada.

True Religion Brand Jeans can also be found at fine stores in Japan, including Barneys Japan and Isetan; in England, including Selfridges, Harrod's and Harvey Nichols and in France including Galleries Lafayette.

True Religion Apparel Inc


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