• 2008-08-23

    Pacific Sunwear reporting sales up slightly for Quarter 2 - [专业文件]

    Pacific Sunwear reporting sales up slightly for Quarter 2
     
     


    Industry News

    PacSun Sales Up Slightly for Q2

    Surfersvillage Global Surf News, 22 August, 2008 : - - Pacific Sunwear of California, Inc. reported that total sales for the second quarter of fiscal 2008 ended August 2 were $312.7 million, an increase over sales totals of $311.8 million for the same period last year. Total company same-store sales, however, decreased one percent during the second quarter of fiscal 2008.

    The company recorded income from continuing operations of $3.7 million, or 6 cents per diluted share for the second quarter as compared to $9.3 million, or 13 cents  per diluted share, for the year-ago period.

    "Although our earnings for the second quarter were in line with our expectations, our results continue to reflect the impact of a weakening economy on the retail sector." said Sally Frame Kasaks, Chief Executive Officer. "With the possibility of an even tougher environment ahead, we plan to maintain strong operating discipline while weathering these economic headwinds in order to position our business for success when the environment improves,''

    Outlook

    The company is revising its outlook for the backend of fiscal 2008, citing a difficult economic environment and challenging retail conditions in some of its key markets.  The company expects earnings from continuing operations of 0 to 5 cents per diluted share for the third quarter of 2008 and non-GAAP earnings from continuing operations of 11 cents to 16 cents per diluted share for the fourth quarter of fiscal 2008.

    PACIFIC SUNWEAR OF CALIFORNIA, INC.  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

          (unaudited, in thousands except share and per share data)

     

                               Second Quarter Ended     First Half Ended

                               --------------------- ---------------------

                                 AUG. 2,    AUG. 4,    AUG. 2,    AUG. 4,

                                  2008       2007       2008       2007

                               ---------- ---------- ---------- ----------

     Net sales                   $312,726   $311,775   $579,592   $579,881

     Gross margin                  95,258    101,846    170,723    177,044

     Selling, G&A expenses         90,173     86,933    185,985    163,638

                               ---------- ---------- ---------- ----------

     Operating income (loss)

      from continuing

      operations                    5,085     14,913    (15,262)    13,406

     Interest income, net              11        541        769      1,510

                               ---------- ---------- ---------- ----------

     Income (loss) from

      continuing operations

      before income taxes           5,096     15,454    (14,493)    14,916

     Income tax expense

      (benefit)                     1,388      6,196     (6,232)     5,996

                               ---------- ---------- ---------- ----------

     Income (loss) from

      continuing operations         3,708      9,258     (8,261)     8,920

     Loss from discontinued

      operations, net of tax

      benefit                        (912)   (19,760)   (26,045)   (24,480)

                               ---------- ---------- ---------- ----------

     Net income (loss)             $2,796   $(10,502)  $(34,306)  $(15,560)

                               ========== ========== ========== ==========

     Income (loss) from

      continuing operations per

      share, basic                  $0.06      $0.13     $(0.12)     $0.13

                               ========== ========== ========== ==========

     Income (loss) from

      continuing operations per

      share, diluted                $0.06      $0.13     $(0.12)     $0.13

                               ========== ========== ========== ==========

     Net income (loss) per

      share, basic                  $0.04     $(0.15)    $(0.50)    $(0.22)

                               ========== ========== ========== ==========

     Net income (loss) per

      share, diluted                $0.04     $(0.15)    $(0.50)    $(0.22)

                               ========== ========== ========== ==========

     Weighted average shares

      outstanding, basic       66,664,245 69,692,827 68,290,024 69,635,543

                               ========== ========== ========== ==========

     Weighted average shares

      outstanding, diluted     66,704,159 70,064,804 68,290,024 69,986,773

                               ========== ========== ========== ==========
     
     
    Tag：ISA 全球组织及公司 2008
    fei che 发表于15时37分25秒 | 阅读全文 | 评论 0 | 编辑 | 分享 0

  • 2008-08-23

    Billabong International Limited's FY earnings climb 5.5% - [专业文件]

    Billabong International Limited's FY earnings climb 5.5%
     
     




    Industry News

    Billabong's FY Earnings Climb 5.5%

    Surfersvillage Global Surf News, 22 August, 2008 : - - Billabong International Limited announced a net profit after tax (NPAT) of A$176.4 million ($155.2 million) for its fiscal year ended June 30. The represents a 12.6% gain in constant currency terms and 5.5% in reported terms, reflecting the strength of the Australian dollar against the United States dollar.

    Underlying NPAT in constant currency terms, when excluding the prior year’s one-off tax benefits of $7.8 million, lifted an impressive 18.5%. Group sales revenue for the year lifted 17.6% in constant currency terms, or 10.2% in reported terms, to A$1.35 billion ($1.19 billion).

    In constant currency terms, full year sales revenue in the Americas was up 16.1%, Europe was up 20.3% and Australasia was up 18.1%. EBITDA of $292.0 million was up 19.9% in constant currency terms, or 12.7% in reported terms, earnings per share of A85.7 cents per share increased 5.5% and Group EBITDA margins lifted to 21.7% (from 21.2%).

    Billabong chief executive officer Derek O’Neill said the result reflected the strength of the Company’s brands and products. “To deliver underlying NPAT growth of 18.5% is a very pleasing result in any climate, let alone in the prevailing economic conditions,” said O’Neill. “This again demonstrates the resilience of our business model and the heightened global demand for the Group’s brands.

    “The second half in isolation was a highlight. In constant currency terms, sales revenue in the Americas grew 18.6%, sales revenue in Europe grew 20.8% and sales revenue in Australasia grew 19.8%, with even stronger Group EBITDA growth of 28.5% on the back of good demand for each of the Group’s brands. “We continue to build and shape this business to achieve solid growth into the future and this latest result again demonstrates our Group’s capacity to execute on this strategy.”

    O’Neill said he remained confident in the Group’s prospects for the 2008-09 financial year, with good growth evident in the early forward orders in the US and Europe and more moderate growth in Australasia. “While there is understandable caution among retailers the world over, we remain confident that our multi-brand, multi-region business model will deliver healthy growth and our forward orders support this view,” he said.

    “That said, short-term forecasting is getting more difficult given major fluctuations in currencies and volatile economic conditions. However, based on existing market conditions and assuming current exchange rates, in particular an AUD/USD exchange rate of approximately US88 cents and an AUD/Euro exchange rate of approximately €59 cents, the Group expects to deliver full year EPS growth in the range of 8% to 12% in the 2008-09 financial year.”

    Billabong directors declared a fully franked final ordinary dividend of 28.5 cents a share. This takes the full year dividend to 55.5 cents, an increase of approximately 10% on the prior year.

    www.billabong.com

    Tag：ISA 全球组织及公司 2008
    fei che 发表于15时32分55秒 | 阅读全文 | 评论 0 | 编辑 | 分享 0
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