Thoughts on TRLG? this probably not a VM anymore.. it used to be and might be again soon...
anyone still own this stock?
True Religion Apparel Announces Preliminary First Quarter Fiscal 2005 Results
Monday April 4, 4:01 pm ET
LOS ANGELES--(BUSINESS WIRE)--April 4, 2005--True Religion Apparel Inc. (OTCBB: TRLG - News)
Expects to Report 1Q05 Sales of $20.0 Million
Expects to Report 1Q05 Diluted EPS in Range of $0.15 to $0.16
Reporting Date for Fiscal First Quarter 2005 Results Set for April 26th
True Religion Apparel Inc. (OTCBB: TRLG - News) today announced its preliminary results for its fiscal first quarter 2005.
The Company believes that it will report first quarter sales of approximately $20.0 million compared to $2.7 million in the first quarter of last year and $13.6 million in the fourth quarter of 2004, a sequential growth rate of 47.1%. The Company also believes it is likely to report diluted earnings per share in the range of $0.15 to $0.16 for the fiscal first quarter 2005 versus its prior guidance of $0.13 to $0.15 and the current consensus expectation of $0.15 per diluted share.
Jeff Lubell, President and Chief Executive Officer, commented, "The demand for the True Religion brand in the first quarter remained stronger than ever in all of our key distribution channels. In particular, our business with upscale department stores was excellent. We significantly expanded our total door count and increased penetration by door by nearly 60%. We continue to believe that this tier of distribution holds excellent growth opportunities for us over the near term."
