Replies to post #562 on American Apparel, Inc. (fka APPCQ)

[brharris]

News!!!
March 4, 2013
American Apparel, Inc. Reports Fourth Quarter and Full Year 2012 Financial Results and Provides Initial Outlook for 2013. Operating Income Improves by $24.3 Million.
LOS ANGELES--(BUSINESS WIRE)-- American Apparel, Inc. (NYSE MKT: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion-basic apparel, announced financial results for its fourth quarter and year ended December 31, 2012. The Company also provided guidance with respect to expected 2013 performance.

Financial Performance Highlights for 2012 and the Fourth Quarter of 2012

Sales:

Net sales: Up 13% for year; 10% for the fourth quarter.
Comparable retail store sales: Up 13% for the year; 7% for the fourth quarter.
Online sales: Up 30% for the year; 42% for the fourth quarter.
Wholesale sales: Up 12% for the year; 19% for the fourth quarter.
Gross Profit:

For the year: Up 11% to $327.4 million in 2012 from $294.9 million in 2011.
For the fourth quarter: Up 11% to $93.1 million in 2012 from $83.8 million in 2011.
Operating Expenses as a Percentage of Sales:

For the year: Down 5.2 percentage points to 52.9% in 2012 from 58.1% in 2011.
For the fourth quarter: Down 4.9 percentage points to 49.8% in 2012 from 54.7% in 2011.
Cash Generated from Operating Activities:

For the year: Up $21.3 million to $23.6 million in 2012 from $2.3 million in 2011.
For the fourth quarter: Up $9.7 million to $22.0 million in 2012 from $12.3 million in 2011.
Operating Income:

For the year: Up $24.3 million to $1 million in 2012 from a loss of $23.3 million in 2011.
For the fourth quarter: Up $9.2 million to $6.8 million in 2012 from a loss of $2.4 million in 2011.
Adjusted EBITDA:

For the year: Up 150% to $36.6 million in 2012 from $14.5 million in 2011.
For the fourth quarter: Up 95% to $17.8 million in 2012 from $9.1 for in 2011.
Earnings (Loss) per Share, Diluted:

For the year: Up $0.07 per share to a loss of $0.35 in 2012 from a loss of $0.42 in 2011.
For the fourth quarter: Up $0.15 per share to $0.04 in 2012 from a loss of $0.11 in 2011.

[brharris]

Looks like its time to start setting some new 52 week highs.