logo
  Join        Login             Stock Quote

Joe's Jeans (JOEZ) Issues Sales Forecast For Q4

 January 15, 2013 08:02 AM
 


(By Balaseshan) Joe's Jeans Inc. (NASDAQ: JOEZ), which sells apparel-related products under the Joe's brand, has issued net sales guidance for the fourth quarter and full year 2012. Majority of the fourth quarter sales forecast comes from its wholesale segment.

"We are pleased with the revenue growth in both our wholesale and retail segments. We look forward to sharing our profitability results on our upcoming fourth quarter earnings conference call in mid to late February," said Marc Crossman, President and CEO.

For the fourth quarter, the company expects sales of $30.9 million to $32.2 million. Of this amount, the company projects net sales from its wholesale segment of $24.5 million to $25.5 million and retail sales of $6.4 million to $6.7 million.

[Related -Mid-Day Report: US Market Remains Volatile As Slovakia Set To Vote On Euro Zone Rescue Fund]

For the full year 2012, the company anticipates net sales of about $115.8 million to $117.1 million. The company is currently completing its financial statement close process for the fiscal 2012 in connection with the filing of its Annual Report on Form 10-K on or before February 28, 2013.

In the previous third quarter, the company posted earnings of $1.39 million or $0.02 per share, compared to a loss of $2.04 million or $0.03 per share last year. Sales jumped 25% to $30.3 million. Gross margin increased to 46% from 40%, due to a result of the negative impact of a $1.6 million inventory write down in the year ago period.

[Related -Earning Scan: MTL, WH, AA, JOEZ, SURG, HCSG]

Net sales from retail segment for the third quarter climbed 24% driven by a 7% same store sales increase and revenue contribution from 25 stores compared to 21 stores in the prior year period. Net sales for wholesale segment surged 26% on its Joe's men's and international sales channels and the addition of sales from its new brand, else.

JOEZ closed Monday's regular session up 0.88% at $1.15. The stock has been trading between $0.55 and $1.56 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageMBIA Inc. (MBI) : BTI's $12 a Tough Task

MBIA Inc. (NYSE:MBI) is doing well on a day stocks are struggling The guarantee insurance company is the read on...

article imageUrban Outfitters, Inc. (URBN) Q2 Earnings Preview: A Snug Fit

Urban Outfitters, Inc. (NASDAQ:URBN) will hold a webcast to discuss its second quarter of fiscal-year 2015 read on...

article imageEstee Lauder Companies Inc. (EL) Q4 Earnings Preview: Options Player Betting On EL’s EPS Looking Pretty

Estee Lauder Companies Inc. (NYSE:EL) will release fiscal 2014 fourth quarter and full year financial read on...

article imageHerbalife Ltd. (HLF): 3 Reasons To Pay Attention to Recent Insider Buying

Well, well, well… it looks as if boardroom buyers viewed the recent selloff as an opportunity to buy. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.