Retail Industry
Industry: Email Alert RSS FeedHOT NUMBERS.(R.G. Barry Corp. posted third quarter earnings)(Brief Article)
Footwear News, November, 2005
R.G. Barry, Pickerington, Ohio, posted a $4.28 million gain in third quarter earnings, besting a $1.48 million loss sustained a year ago.
For the quarter ended Oct. 1, net sales were $35.4 million, compared with $34.5 million a year ago. Earnings per diluted share for the period were 42 cents, while the comfort firm's gross margin swelled 329.4 basis points to 40.4 percent.
While positive about the coming months, President and CEO Thomas Von Lehman said in a statement the company will remain cautious going forward, as its annual results are "highly dependent" on strong holiday sales.
Puma, Herzogenaurach, Germany, said profits rose 11 percent in the third quarter as demand for its shoes spiked in the Americas.
Footwear sales...
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