By  on May 8, 2014

Tumi Holdings Inc. posted lower profits for the first-quarter.

For the three months ended March 30, net income fell 22.6 percent to $8.2 million, or 12 cents a diluted share, from $10.5 million, or 16 cents, a year ago. Net sales rose 5.5 percent to $108.6 million from $102.9 million.

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