Home / Knowledge / News / Textiles / Hirsch reports continued improvement in Q1 net sales

Hirsch reports continued improvement in Q1 net sales

02
May '07
Leading provider of advanced commercial embroidery, screenprinting, and laser systems and related support services to the North American decorated apparel marketplace, Hirsch International Corp. reported its financial results for the three months ended March 31, 2007. Hirsch has changed its fiscal year end from January 28th to December 31st, and the first quarter ended March 31, 2007, is thus compared with the two months ended March 31, 2006.

Highlights for the first quarter March 31, 2007 results are as follows:

Net sales were $14.0 million for the three months ended March 31, 2007, as compared to $8.6 million for the two months ended March 31, 2006, an increase of $5.4 million.

Gross profit margin, as a percentage of sales, improved to 38.1% for the three months ended March 31, 2007, as compared to 35.5% for the two months ended March 31, 2006.

Gross profit for the quarter ended March 31, 2007, was $5.4 million, as compared to $3.1 million for the two months ended March 31, 2006, an increase of $2.3 million.

Operating expense was $4.5 million for the three months ended March 31, 2007, as compared to $2.8 million for the two months ended March 31, 2006, an increase of $1.7 million.

Operating income for the quarter ended March 31, 2007, was $811,000, as compared to $260,000 for the two months ended March 31, 2006, an increase of $551,000.

Net income for the quarter ended March 31, 2007, was $817,000, as compared to $292,000 for the two months ended March 31, 2006, an increase of $525,000.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

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


October 2021

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


Advanced Search