366
Fashion Jobs
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
TOM FORD
Marketing Director, Tom Ford Beauty
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
CHANEL
Business Systems Manager – Learning/Collaboration/Talent
Permanent · TAIKOO SHING
CHANEL
Assistant Payroll Manager - HR Business Services, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Client Engagement Executive
Permanent · TAIKOO SHING
CHANEL
Senior Manager, People Sustainability Reporting
Permanent · TAIKOO SHING
CHANEL
IT Asset Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Head of Governance & Operations, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Merchandising Manager
Permanent · TAIKOO SHING
CHANEL
Head of Learning Ecosystem And Retail Learning & Development, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Sustainability Manager (Sustainable Built Environment), Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Assistant Project Manager, Asia Pacific
Permanent · TAIKOO SHING
By
Reuters
Published
Feb 25, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

True Religion Q4 earnings beats estimates

By
Reuters
Published
Feb 25, 2009


True Religion fall-winter campaign

* Q4 EPS of 53 cents beats est of 46 cents

* Sees 2009 earnings below Street

* Sees 2009 US wholesale business down 17 to 19 pct

Feb 25 (Reuters) - Premium jeans brand True Religion Apparel Inc's (TRLG.O) quarterly profit soared more than 42 percent, beating market expectations, driven by international and consumer direct sales, but it forecast 2009 earning below expectations.

The company also expects sales at its U.S. wholesale segment to fall by 17 to 19 percent on a sharp fall in sales to boutiques, and a mid-single digit decline in sales to majors and off-price retailers.

True Religion, a young brand that began selling jeans with a horseshoe on its back pocket in 2003, posted net profit of $12.7 million, or 53 cents a share, compared with profit of $8.9 million, or 37 cents a share in the year-ago quarter.

Six analysts were expecting the company to earn 46 cents a share, according to Reuters Estimates.

Net sales for its consumer direct segment, which includes its branded retail stores and e-commerce site, more than doubled to $24.4 million, while international sales rose to $11.75 million from $9.2 million.

U.S. wholesale sales for the fourth quarter rose more than 14 percent.

For fiscal 2009, the company, which sells its namesake jeans in specialty boutiques and major department stores such as Saks Inc (SKS.N) and Nordstrom Inc (JWN.N), expects to earn between $1.73 and $1.81 a share on revenue between $290 million and $297 million.

Analysts were expecting the company to earn $1.82 a share on revenue of $294.1 million.

Shares of the Vernon, California-based company were at $13.75 in after market trade. They had closed at $13.53 Wednesday on Nasdaq. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva)

© Thomson Reuters 2024 All rights reserved.