Wednesday, May 03, 2006

True Religion Q1 2006 Results

True Religion (TRLG) just announced their first quarter financial results for this year. Business Wire summarizes that True Religion:

1Q06 Revenues Increase 77% to $35.6 Million
1Q06 Diluted EPS Increase 65% to $0.28
Issues Sales and Earnings Guidance for 2Q06
Reiterates Comfort with FY06 Financial Estimates

AP is noting, "Analysts predicted a profit of 27 cents on sales of $35.4 million, according to a poll by Thomson Financial." Despite seemingly strong growth, TRLG offered Q2 guidance be below expectations.

At this time I direct you to Herb Greenberg's thoughts on True Religion's possible channel stuffing activities last year. Via MarketWatch.

Business Wire via Yahoo Finance

Business Wire via True Religion

4 Comments:

Anonymous KRiSTOPHER DUKES said...

Ooh la love.

That's it.

I'm going into denim.

5/08/2006 09:17:00 PM  
Blogger Henry Wong said...

But don't forget despite such a seemingly rosy picture their Q2 outlook is not meeting the street's expectations. With the market not reacting favorably TRLG is losing faith and looking to go private. Check out last Thursday's WWD May 4, 2006.

And although True Religion is immediately recognized as a denim brand, they are aggressively looking to position as a lifestyle brand. Their fleeces have been selling really well. And they're exploring licensing opportunities.

5/09/2006 08:36:00 AM  
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