CHIC BY H.I.S. 1997 Third Quarter Report.NEW YORK--(BUSINESS WIRE)--Sept. 11, 1997--CHIC BY H.I.S., INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NYSE NYSE See: New York Stock Exchange :JNS JNS Journal of Neurosurgery JNS Jump If No Sign JNS Narssaq, Greenland (Airport Code) JNS Journal of Neoplatonic Studies JNS Justification for New Start ) today reported net income for the third quarter ended Aug. 2, 1997 of $1,010,000 or $.10 per share, after minority interest of $726,000 as compared to $2,281,000 or $.23 per share for the prior year period. -0-
FINANCIAL TABLE FOR THE QUARTER ENDED
AUGUST 2, AUGUST 3,
1997 1996
Net sales 81,906,000 90,185,000
Gross profit 18,856,000 17,544,000
Licensing income 721,000 1,495,000
Sell, gen. & admin. expenses 15,332,000 13,770,000
Operating income 4,245,000 5,269,000
Interest expense 939,000 1,692,000
Income before taxes and
minority interest 3,306,000 3,577,000
Provision for income taxes 1,570,000 1,296,000
Income before minority
interest 1,736,000 2,281,000
Minority Interest 726,000 ------
Net income 1,010,000 2,281,000
Outstanding shares 9,806,784 9,753,868
E.P.S.-net income $0.10 $0.23
Financial Table for the Thirty-Nine
Weeks Ended:
AUGUST 2, AUGUST 3,
1997 1996
Net Sales 204,379,000 245,358,000
Gross Profit 41,364,000 52,247,000
Licensing Income 2,023,000 4,393,000
Sell, Gen. & Admin. Expenses 54,202,000 43,564,000
Restructuring Charge --------- 15,000,000
Operating Loss (10,815,000) (1,924,000)
Gain on Sale of Subsidiary Stock 34,079,000 ----------
Interest Expense 3,628,000 5,173,000
Income (Loss) before taxes,
minority interest and
extraordinary item 19,636,000 (7,097,000)
Provision for income taxes 9,224,000 3,719,000
Income (Loss) before minority
interest and extraordinary item 10,412,000 (10,816,000)
Minority Interest 726,000 ---------
Extraordinary Loss 330,000 ---------
Net Income (Loss) 9,356,000 (10,816,000)
Outstanding Shares 9,763,829 9,753,868
E.P.S. - Before restructuring
charge and extraordinary item $0.99 $0.43
E.P.S. - Net income (Loss) $0.96 ($1.11)
CONTACT: Chic Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 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 Christine Hadjigeorge, 212/302-6400, ext. 210 |
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