By  on May 15, 2012

Tumi Holdings Inc., in its first quarterly earnings report since going public on April 19, posted a first-quarter profit and a 21.4 percent gain in sales.

For the three months ended March 25, the luxury accessories firm reported net income of $2.9 million, or 6 cents a diluted share, against a net loss of $83,000, or 0 cents, in the year-ago quarter.

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