Sportcoats marketer Hartmarx's 9-month revenues up 1.6%
29 Sep '05
3 min read
Mr. Patel added that they currently anticipate earnings to increase in the range of 30 percent- 40 percent, in line with our original guidance at the beginning of the year, but more cautious than their previous mid-year guidance of a 40 percent – 45 percent improvement.
Third quarter operating earnings were $12.4 million in 2005 compared to $9.8 million in 2004. For the nine months, operating earnings improved to $31.6 million from $21.3 million in 2004. The increase reflected a higher gross margin rate of 33.8 percent for the nine months compared to 30.6 percent in 2004.
Sportcoats marketer Hartmarx produces and markets business, casual and golf apparel under its own brands including Hart Schaffner Marx, Hickey-Freeman, Palm Beach, Coppley, Cambridge, Keithmoor, Society Brand, Racquet Club, Naturalife, Pusser's of the West Indies, Royal, Brannoch, Riserva, Sansabelt, Exclusively Misook, Barrie Pace and Aura.
Hartmarx has a proud 100-year tradition of quality, innovation, style and customer service - a tradition that is both the foundation for our success in the past and our chief distinction today. It is a maker and marketer of men's tailored suits, sportcoats, and slacks, along with men's and women's casual and career apparel.
marketing@alchempro.com
