top shadow
BODY



































Trade Readers:
I am a STORE BUYER or OWNER
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a CONSUMER
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand












current news

Warnaco 2q Net Revenues Increase 14%


(Filed Under Financial and General Interest News). The Warnaco Group, Inc. reported a 14 percent increase in net revenues to $591.4 million for the second quarter ended July 2, 2011.

Sportswear, intimates and swimwear all reported growth. International net revenues increased 32 percent compared to the prior year’s quarter, led by Asia and Latin America’s growth of more than 35 percent per market. Direct-to-consumer net revenues increased 38 percent, fueled by a 7 percent rise in comparable store sales. Income per diluted share from continuing operations jumped to $1.01 from 65 cents in the second quarter of 2010.

"We are pleased to report another solid quarter. Our second quarter results reflect the success of our growth strategies and the benefits of our global and diverse operating model," said Joe Gromek, president and chief executive officer of Warnaco. "We continued to invest in our key growth initiatives, namely maximizing our Calvin Klein business, broadening our international footprint and expanding our direct to consumer business, which produced powerful topline results and delivered a 15 percent increase in adjusted income per share from continuing operations."

Additionally, the company purchased approximately 1.1 million shares of its common stock for $58.5 million as part of its share repurchase program.

In response to performance, Warnaco raised its guidance for fiscal 2011. The company is now anticipating net revenues to grow between 10 and 12 percent, up from prior guidance of 9 to 11 percent. Adjusted income per diluted share will be in the range of $4 to $4.15, up from $3.95 to $4.15.


more Financial and General Interest News >>

Published 08-04-2011 by Katherine Rautenberg

Related Articles

Big Winners, No Matter What, In Warnaco Deal
‘Game-Changing’ New Support from Warner’s
Warnaco Cites Intimates In Fall of Sales, Income
1 Qt Declines At Warnaco
McCluskey Named President of Warnaco
Warnaco 3q Net Revenues Increase 8%
Warnaco, Spirite to Bring Nancy Ganz to U.S.
Calvin Klein Underwear Opens Second U.S. Store
Warnaco 2q Net Revenues Increase 14%
Warnaco 1q Net Revenues Up 13%


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow
*