10 749
Fashion Jobs
BOBBI BROWN COSMETICS
Bobbi Brown | Area Sales And Education Manager | Central London
Permanent · LONDON
BOOTS
Global Product Manager, no7 Skincare
Permanent · LONDON
BOOTS
Optical Consultant
Permanent · LONDON
BOOTS
Senior Ecommerce Executive
Permanent · LONDON
PEOPLE MARKETING
Men's OR Womenswear Sales Manager / New Business Developer
Permanent · LONDON
PEOPLE MARKETING
Junior Account Manager
Permanent · LONDON
NEW BALANCE
Emea Sports Marketing Manager - Running
Permanent · WARRINGTON
QVC
Buying / Merchandise Administrator - Beauty Ftc
Permanent · LONDON
PENTLAND
Assistant Retail Marketing Manager
Permanent · SUNDERLAND
JOHN LEWIS
Supplier Direct Coordinator
Permanent · MILTON KEYNES
WAITROSE
Warehouse Partner
Permanent · AYLESFORD
JOHN LEWIS
Cdh Porter (Installer)
Permanent · LEEDS
JOHN LEWIS
Loss Prevention Partner
Permanent · LONDON
JOHN LEWIS
Cdh Porter (Technician)
Permanent · LONDON
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
THG
us Payroll Manager ($110 – 130k)
Permanent ·
NEXT
Stock Manager - Bury st. Edmunds
Permanent · BURY ST EDMUNDS
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Delivery Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Stock Manager - Southend Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
By
Reuters
Published
Feb 26, 2009
Download
Download the article
Print
Text size

Warnaco Q4 profit beats Street on lower costs

By
Reuters
Published
Feb 26, 2009

* Q4 adj EPS from cont ops $0.29 beats Street by 11 cents

* Cost cuts aid Q4

* Q4 revenue trails Street

* Gives 2009 outlook

Feb 26 (Reuters) - Apparel maker Warnaco Group Inc (WRC.N) on Thursday reported a higher-than-expected quarterly profit as its cost-cutting efforts bore fruit.


www.warnaco.com

Last November, Warnaco announced plans to cut about 7 percent of its corporate staff and reduce its capital spending to counter the weak economy.

The maker of Speedo swimsuits and Calvin Klein jeans posted a fourth-quarter loss from continuing operations of $12.4 million, compared with a profit of $20.4 million a year earlier.

Net revenue at the New York-based company, which is a major vendor to department stores, fell 4 percent to $445.9 million.

For 2009, based on current exchange rates, the company expects the impact of foreign currency exchange to lower net revenue by 7 percent to 9 percent.

As a result, Warnaco sees earnings from continuing operations in the range of $2.40 to $2.66 a share for the period. Analysts expected $2.43, before items, according to Reuters Estimates.

Warnaco shares closed at $20.02 Wednesday on the New York Stock Exchange. (Reporting by Dhanya Skariachan in Bangalore; Editing by Deepak Kannan)

© Thomson Reuters 2024 All rights reserved.