87 163
Fashion Jobs
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
NEWELL
Senior Director, Analytics
Permanent · HOBOKEN
By
Reuters
Published
May 2, 2012
Download
Download the article
Print
Text size

True Religion Apparel profit beats estimates

By
Reuters
Published
May 2, 2012


Photo: True Religion Brand Jeans
Premium denim maker True Religion Apparel Inc's first-quarter results beat analysts' expectations, helped by strong same-store sales at its U.S. branded retail stores, sending its shares up 14 percent in extended trade.

Net sales for the company's consumer direct segment in the United States, which includes its retail stores and e-commerce business, increased 22.6 percent to $65.5 million. This segment accounts for 61.3 percent of its total net sales for the quarter.

True Religion, which sells its namesake jeans for as much as $300 in specialty boutiques and upscale department stores, also attributed the strong performance to 13 new stores opened since the first quarter of last year.

The company said it plans to open new retail stores both in the U.S. and abroad and expand its wholesale presence outside the U.S.

For the first quarter, the company reported net income of $10.4 million, or 41 cents, compared with $8.9 million, or 36 cents, a year ago.

Sales rose 14 percent to $106.8 million.

Analysts, on average, expected the company to post earnings of 36 cents on a revenue of $102.43 million, according to Thomson Reuters I/B/E/S.

The company had in February forecast 2012 earnings of $1.88 to $1.95 a share, on revenue of $450 million to $460 million.

True Religion shares closed at $27.88 on Tuesday. They were trading at $31.80 in after market trade.

© Thomson Reuters 2024 All rights reserved.