Key Developments For True Religion Apparel, Inc.
True Religion Apparel, Inc. (TRLG.O) (Nasdaq)
True Religion Apparel Inc. Raises Low End Of Prior FY 2009 Revenue Guidance; Raises FY 2009 EPS Guidance
True Religion Apparel Inc. updated fiscal 2009 guidance for net sales to be in the range of $295 to $300 million and earnings per share (EPS) to be in the range of $1.82 to $1.86 as compared to its previously issued guidance of $1.76 to $1.84. The Company's upwardly revised fiscal 2009 EPS guidance reflects stronger than expected gross margin improvement, particularly within the Company's U.S. Wholesale and International segments.
True Religion Apparel Inc. Announces New Socks, Leggings and Tights Licensing Agreement with United Legwear Company, LLC
True Religion Apparel Inc. announced that it has signed a new licensing agreement with United Legwear Company, LLC, to manufacture and distribute True Religion branded legwear, which will include men's, women's and children's socks, leggings and tights.
True Religion Apparel Inc. Opens New Branded Retail Store at Town Center at Boca Raton in Boca Raton, FL
True Religion Apparel Inc. announced the opening of a new branded retail store at Town Center at Boca Raton in Boca Raton, Florida. Located at 6000 Glades Road.
True Religion Apparel Inc. Issues FY 2009 Guidance; EPS Guidance Below Analysts' Estimates
True Religion Apparel Inc. announced that for fiscal 2009 it expects net sales to be in the range of $290 million to $297 million and EPS to be in the range of $1.73 to $1.81. According to Reuters Estimates, analysts are expecting the Company to report revenue of $294 million and EPS of $1.82 for fiscal 2009.
True Religion Apparel Inc. Raises FY 2008 Guidance
True Religion Apparel Inc. updated its guidance for the fiscal 2008. Net sales are expected to be $265 million (as compared to its previously updated guidance on August 6, 2008 of $242-$247 million) and EPS is expected to be $1.78 (as compared to its previously updated guidance on August 6, 2008 of $1.61-$1.65). The EPS guidance assumes fully diluted weighted average shares outstanding of approximately 24.2 million for 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $247 million and EPS of $1.65 for the same period.
