Manufacturing Industry
A record quarter for Liz Claiborne. (International News).(financial data for Liz Claiborne Inc.)(Brief Article)
Cosmetics International, November, 2002
With 27 consecutive quarters of sales growth and 31 consecutive quarters of increased earnings per share, Liz Claiborne Inc has experienced a record third quarter, with reported diluted earnings per share of 78 cents, up 13% compared with the comparable period last year. Net sales also rose, increasing by 3.3% to $1.041bn.
The nine months delivered diluted earnings per share of $1.62, rising 13.3% on 2001's result, while net sales stood at a record $2.724bn, representing an increase of 6.3%. Of the results, Paul R Charron, Chairman and CEO, said, "Notwithstanding the challenging retail and macroeconomic environment, our Company was still able to deliver solid third quarter results, driven by the strength of our balanced and diversified portfolio, disciplined...
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