By  on February 28, 2012

The Warnaco Group Inc. posted a fourth-quarter loss, in part due to a restructuring charge as it transitioned out of its European CK Calvin Klein bridge line, but managed to report income for the year.

For the three months ended Dec. 31, the loss was $6.7 million, or 16 cents a diluted share, against income of $19.2 million, or 42 cents, a year ago. Restructuring costs, including those related to the European CK Calvin Klein bridge line, were $41.9 million, including $38.9 million in noncash charges. Diluted earnings per share from continuing operations on an adjusted, non-generally accepted accounting principles basis rose 31 percent to 97 cents versus 74 cents in the year-ago quarter. Revenues rose 3.9 percent to $614.7 million from $591.5 million. By operating group, sportswear rose 1.7 percent to $322.1 million, while intimate apparel grew 8.7 percent to $236.8 million. Swimwear dipped by 2 percent to $55.8 million.

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