×
92 878
Fashion Jobs
PACSUN
Human Resources Project Coordinator
Permanent · Anaheim
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Manager - Asset Protection - Los Cerritos
Permanent · Cerritos
NORDSTROM
Asset Protection - Agent - Phipps Plaza
Permanent · Atlanta
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Retail Stock & Fulfillment - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
General Manager- Bazille- Stanford Shopping Center
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Tustin Marketplace Rack
Permanent · Tustin
NORDSTROM
Asset Protection - Agent - Howe Bout Arden Rack
Permanent · Sacramento
NORDSTROM
Asset Protection Agent - Mercado Rack, Naples, fl
Permanent · Naples
NORDSTROM
Asset Protection - Agent - Alamo Quarry Rack
Permanent · San Antonio
NORDSTROM
Retail Stock - Marketplace at Braintree Rack
Permanent · Braintree
NORDSTROM
Asset Protection - Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Inventory Integrity & Quality Manager - Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Security Ambassador - Roosevelt Field
Permanent · Garden City
NORDSTROM
Asset Protection -Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Asset Protection - Security Ambassador - Newbury Rack
Permanent · Boston
NORDSTROM
Asset Protection Agent - Aventura
Permanent · Aventura
NORDSTROM
Asset Protection- Agent-The Sono Collection
Permanent · Norwalk
NORDSTROM
Asset Protection - Agent - Laguna Niguel Rack
Permanent · Laguna Niguel
NORDSTROM
Retail Stock & Fulfillment - Los Cerritos Center
Permanent · Cerritos
NORDSTROM
Retail Stock & Fulfillment - International Plaza
Permanent · Tampa
By
Reuters
Published
Aug 12, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Maidenform second quarter profit beats Street; ups full-year view

By
Reuters
Published
Aug 12, 2009

Aug 12 (Reuters) - Underwear maker Maidenform Brands Inc (MFB.N) posted a second-quarter profit that beat market estimates, driven primarily by strong sales of its shapewear products, and raised its full-year outlook.


www.maidenform.com

For the full-year, the Iselin, New Jersey-based company now sees earnings of $1.10 a share to $1.16 a share, up from its prior outlook of $1.00 a share to $1.10 a share on a mid-single-digit percentage increase in net sales.

For the latest quarter, Maidenform, which in January said it would cut 9 percent of its workforce, posted a net profit of $7.3 million, or 31 cents a share, as compared with $7.8 million, or 33 cents, a year ago.

Net sales for the quarter rose about 6 percent to $114.2 million, helped by a 9.2 percent increase in shapewear sales.

Gross margins were down to 36 percent of net sales as compared with 38.7 percent last year due to increased promotional activity, and strong sales from its lower margin mass merchant and other channels.

Analysts on average were expecting the company to earn 25 cents, before items, on revenue of $111.6 million, according to Reuters Estimates.

Shares of the company, whose brands include its namesake brand, Flexees and Lilyette, closed at $14.25 Tuesday 11 August on the New York Stock Exchange. (Reporting by Abhishek Takle in Bangalore; Editing by Maju Samuel)

© Thomson Reuters 2022 All rights reserved.