By  on May 7, 2009

Shares of True Religion Apparel Inc. spiked more than 25 percent Wednesday after the company reported sales from a ballooning portfolio of branded stores and expansion in international markets helped it overcome double-digit declines in its U.S. wholesale business during the first quarter.

For the three months ended March 31, the premium denim label saw earnings improve 9.8 percent to $7.6 million, or 32 cents a diluted share, besting Wall Street’s consensus estimate of 28 cents. Comparatively, the company reported earnings of $6.9 million, or 29 cents, in the same period a year ago. Sales jumped 19.1 percent to $63.6 million from $53.4 million.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus