Leader in marketing of apparel and consumer soft goods Kellwood Company reported results for the fourth quarter and fiscal year ended January 28, 2006, according to Robert C. Skinner, Jr, Chairman, President and Chief Executive Officer.
Net sales for the fourth quarter totaled $473.4 million, as compared to $495.5 million last year.
Net earnings for the fourth quarter were $12.5 million, or $0.49 per diluted share, versus $7.1 million, or $0.25 per diluted share, last year.
Included in net earnings for the current quarter were the net reversals of previously accrued restructuring and related non-recurring costs of $6.6 million, or $0.26 per share associated with the Company's earlier announced strategic initiatives that focus on increasing its penetration of consumer lifestyle brands while reducing exposure to smaller volume brands and certain private label businesses.
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Kellwood is a marketer of apparel and consumer soft goods with sales in excess of $2 billion.
Kellwood specializes in branded as well as private label products, and markets to all channels of distribution with product specific to a particular channel.
marketing@alchempro.com
