Bernard Chaus Reports Second Quarter 2007 Results.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Bernard Chaus, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CHBD.OB) today reported its financial results for the second quarter and first six months of fiscal 2007. For the second quarter ended December 31, 2006, revenues increased by approximately 71.2% to $39.4 million from $23.0 million in the second quarter last year. The Company reported net income for the second quarter of 2007 of $1.3 million, or $0.03 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share on a weighted average of 38.0 million shares outstanding, compared to a net loss of $4.9 million, or a loss of $0.13 per diluted share on a weighted average of 37.0 million shares outstanding, in the second quarter of fiscal 2006. For the six-month period ended December 31, 2006, revenues grew by approximately 29.9% to $78.9 million, up from $60.7 million in the same period last year. Net income for the first half of fiscal 2007 was $2.5 million, or $0.07 per diluted share on a weighted average of 37.9 million shares outstanding, compared to a net loss in the year-ago period of $4.8 million, or a loss of $0.13 per diluted share on a weighted average of 36.5 million shares outstanding. Josephine Chaus, Chairwoman and Chief Executive Officer, said, "We are very pleased with the increases achieved in both revenue and income for the quarter. The gains were driven by higher revenues across our branded, private label and licensed product lines." Bernard Chaus, Inc., designs, sources and markets an extensive range of women's career and casual sportswear, principally under the Josephine Chaus, Chaus, Cynthia Steffe and Cynthia Cynthia Steffe trademarks, as well as private label. The Company's products are sold nationwide through department store chains, specialty retailers and other outlets. The Company also has a license agreement with Kenneth Cole Productions Kenneth Cole Productions, Inc. is an American fashion house founded in 1982 by Kenneth Cole. Born in Brooklyn, Cole is a graduate of Emory University. He originally named the company Kenneth Cole Incorporated in September 1982 and planned to showcase his new line of shoes during , Inc. for the manufacture and sale of a women's sportswear line under the Kenneth Cole Kenneth Cole is the name of:
This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based upon current expectations and involve a number of uncertainties including retail market conditions, success of new initiatives, the Company's ability to effectively execute its business plan, consumer acceptance of the Company's products, including the new Kenneth Cole Reaction label, and the ability to achieve anticipated profit margins. Further information on potential factors which could affect the Company's financial results are included in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2006 and subsequent Form 10-Qs Form 10-Q See 10-Q. . [TABLE OMITTED] [TABLE OMITTED] |
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