By  on January 31, 2005

NEW YORK — Hartmarx Corp. reported last week that net income for the fourth quarter ended Nov. 30 rose 86.2 percent to $5.8 million, or 16 cents a share, from $3.1 million in the year-ago period.

Earnings per share were a full 6 cents higher than consensus estimates. Sales eked out a 0.1 percent increase to $151.6 million from $151.5 million in the year-ago period.

In the full year, net income grew 82.3 percent to $15.9 million, or 44 cents a diluted share, from $8.7 million, or 25 cents, in fiscal 2003. Sales were up 4.4 percent to $586.4 million from $561.8 million.

The more recent figures include more than $11 million in revenue and 4 cents a share from Misook, the women’s knitwear firm acquired in July. Those effects were partially offset by the discontinuation of an Evan-Picone license.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus