Joe’s Jeans Announces Preliminary Net Sales for the 4th Quarter and Fiscal Year End 2012
15 1월 2013 - 8:00PM
Business Wire
Joe’s Jeans Inc. (the “Company”) (NASDAQ: JOEZ) announced today
that it expects consolidated net sales for its fourth quarter ended
November 30, 2012 to be between $30.9 million and $32.2 million,
resulting in net sales of approximately $115.8 million to $117.1
million for the full fiscal year ended November 30, 2012. Of this
amount, the Company expects fourth quarter net sales from its
wholesale segment to be between $24.5 million and $25.5 million and
retail sales to be between $6.4 million and $6.7 million. The
Company is currently completing its financial statement close
process for the fiscal year ended November 30, 2012 in connection
with the filing of its Annual Report on Form 10-K on or before
February 28, 2013 and will provide more information on its fourth
quarter and full fiscal year 2012 on its conference call in
connection with the filing.
Marc Crossman, President and CEO, commented, “We are pleased
with the revenue growth in both our wholesale and retail segments.”
Crossman continued, “We look forward to sharing our profitability
results on our upcoming fourth quarter earnings conference call in
mid to late February.”
About Joe’s Jeans Inc.
Joe’s Jeans Inc. designs, produces and sells apparel and
apparel-related products to the retail and premium markets under
the Joe's® brand and related trademarks. More information is
available at the company website at www.joesjeans.com.
This release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. The matters discussed in
this news release involve estimates, projections, goals, forecasts,
assumptions, risks and uncertainties that could cause actual
results or outcomes to differ materially from those expressed in
the forward-looking statements. All statements in this news release
that are not purely historical facts are forward-looking
statements, including statements containing the words “intend,”
“believe,” “estimate, “project,” “expect” or similar expressions.
Factors that could cause or contribute to such differences include,
but are not limited to: the risk that the Company will be
unsuccessful in gauging fashion trends and changing customer
preferences; the risk that changes in general economic conditions,
consumer confidence, or consumer spending patterns will have a
negative impact on the Company’s financial performance or
strategies; the highly competitive nature of the Company’s business
in the United States and internationally and its dependence on
consumer spending patterns, which are influenced by numerous other
factors; the Company’s ability to respond to the business
environment and fashion trends; continued acceptance of the Joe’s®
brand in the marketplace; successful implementation of any growth
or strategic plans; effective inventory management; the Company's
ability to continue to have access on favorable terms to sufficient
sources of liquidity necessary to fund ongoing cash requirements of
its operations, which access may be adversely impacted by a number
of factors, including the reduced availability of credit generally
and the substantial tightening of the credit markets, including
lending by financial institutions, who are sources of credit for
the Company, the recent increase in the cost of capital, the level
of the Company's cash flows, which will be impacted by the level of
consumer spending and retailer and consumer acceptance of its
products; the ability to generate positive cash flow from
operations; competitive factors, including the possibility of major
customers sourcing product overseas in competition with our
products; the risk that acts or omissions by the company’s third
party vendors could have a negative impact on the company’s
reputation; a possible oversupply of denim in the marketplace; and
other risks. The Company discusses certain of these factors more
fully in its additional filings with the SEC, including its last
annual report on Form 10-K filed with the SEC, and this release
should be read in conjunction with that annual report on Form 10-K,
together with all of the Company’s other filings, including
quarterly reports on Form 10-Q and current reports on Form 8-K,
made with the SEC through the date of this news release. The
Company urges you to consider all of these risks, uncertainties and
other factors carefully in evaluating the forward-looking
statements contained in this news release.
Any forward-looking statement is based on information current as
of the date of this document and speaks only as of the date on
which such statement is made, and the Company undertakes no
obligation to update these statements to reflect events or
circumstances after the date on which such statement is made.
Readers are cautioned not to place undue reliance on
forward-looking statements.
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