Jaclyn Reports First Quarter Financial Results
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MAYWOOD, NJ, Nov 12 (MARKET WIRE) --
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the first
quarter ended September 30, 2009.
Net sales for the three-month period ended September 30, 2009 were
$39,571,000 compared to $31,370,000 a year earlier. The Company reported
first quarter net earnings of $339,000, or $.15 per diluted share,
compared to a net loss of $495,000, or $.21 per diluted share, in last
year's comparable quarter.
Note: This press release contains information concerning, among other
things, our future plans and objectives that are or may be deemed to be
forward-looking statements. However, forward-looking statements are
subject to a number of known and unknown risks and uncertainties that may
cause our actual results, trends, performance or achievements, or industry
trends and results, to differ materially from the future results, trends,
performance or achievements expressed or implied by such forward-looking
statements. Those risks and uncertainties may include, but are not limited
to, general economic and business conditions (including the ongoing
financial downturn and disruptions in credit markets); competition;
potential changes in customer spending; acceptance of our product
offerings and designs; the variability of consumer spending resulting
from changes in domestic economic activity; a highly promotional retail
environment; any significant variations between actual amounts and the
amounts estimated for those matters identified as our critical accounting
estimates as well as other significant accounting estimates made in the
preparation of our financial statements; and the impact of current and
potential hostilities in the Middle East and in other geographic areas;
as well as other geopolitical concerns. You are urged to consider all
such factors. In light of the uncertainty inherent in such
forward-looking statements, you should not consider their inclusion to be
a representation that such forward-looking matters will be achieved. We
assume no obligation for updating any such forward-looking statements to
reflect actual results, changes in assumptions or changes in other
factors affecting such forward-looking statements.
Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's
sleepwear, infants' and children's apparel, handbags, premium incentives
and related accessories. Website: jaclyninc.com
JACLYN, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
First Quarter
Ended September 30,
--------------------------
2009 2008
------------- ------------
Net Sales $ 39,571,000 $ 31,370,000
Net Earnings (Loss) $ 339,000 $ (495,000)
Net Earnings (Loss) per Common Share - Basic $ .15 $ ( .22)
Net Earnings (Loss) per Common Share - Diluted $ .15 $ ( .21)
Weighted Average Number of Shares
Outstanding - Diluted 2,265,000 2,319,000
Company Contact:
Anthony Christon
Chief Financial Officer
Jaclyn, Inc.
(201) 909-6000
Copyright 2009, Market Wire, All rights reserved.
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