1 492
Fashion Jobs
AL TAYER GROUP
Buyer
Permanent · DUBAI
CHALHOUB GROUP
Merchandise Planner
Permanent · DUBAI
AL TAYER GROUP
Uae National Administration Coordinator Retail Corporate
Permanent ·
AL TAYER GROUP
Associate Planner
Permanent · DUBAI
A & F
Hollister CO. - Brand Representative, Dubai Outlet Mall
Permanent · DUBAI
A & F
Abercrombie & Fitch - Brand Representative, Dubai Outlet Mall
Permanent · DUBAI
MAJID AL FUTTAIM
Sales Executive - Horeca
Permanent · ABU DHABI
ADIDAS
Senior Manager Talent Partnering
Permanent · DUBAI
A & F
Abercrombie & Fitch CO. - Full-Time Brand Representative, Dubai (Emirati National)
Permanent · DUBAI
COTY
Regional Key Account Manager cb
Permanent · DUBAI
WHITE STUFF
Merchandise Planner - Fashion
Permanent · DUBAI
WHITE STUFF
Manager - Finance
Permanent · DUBAI
TIFFANY & CO
Accounts Payable Lead Mea
Permanent · ABU DHABI
HUDA BEAUTY
Commercial Manager - India
Permanent · DUBAI
WHITE STUFF
Information Security Grc Manager
Permanent · DUBAI
WHITE STUFF
Internal Audit Manager
Permanent · DUBAI
TALENT PAL
Information Security & Operations Senior Project Manager Chalhoub Group
Permanent · DUBAI
TALENT PAL
Retail Sales Executive Malabar Group
Permanent ·
CHALHOUB GROUP
Senior Project Manager 3d
Permanent · DUBAI
CHALHOUB GROUP
Associate Sustainability (Emiratisation)
Permanent · DUBAI
HUDA BEAUTY
Senior PR & Influencer Marketing Manager
Permanent · DUBAI
A & F
Abercrombie & Fitch CO. - Full-Time Brand Representative, Abu Dhabi (Emirati National)
Permanent · ABU DHABI
By
Reuters
Published
May 5, 2010
Download
Download the article
Print
Text size

Kenneth Cole swings to profit, sees second quarter above Street

By
Reuters
Published
May 5, 2010

(Reuters) - U.S. shoe and clothing maker Kenneth Cole Productions Inc (KCP.N) swung to a first-quarter profit, helped by better gross margins, same-store sales and growth in e-commerce, and forecast better-than-expected second-quarter results.


Kenneth Cole boutique on Sloane Street, London - Photo: PixelFormula

The New York City-based company earned $1.8 million, or 10 cents a share, compared with a net loss of $8.2 million, or 46 cents a share, a year ago.

Excluding items, it earned 5 cents a share. Revenue rose 6 percent to $109.5 million.

Gross margin for the quarter grew 770 basis points to 41.6 percent while same-store sales grew 5.6 percent.

The company, whose products are sold through department stores, specialty stores, company-owned retail stores and its e-commerce website, forecast second-quarter earnings of breakeven to 3 cents a share.

For the second quarter, it sees revenue growing 7 percent to 10 percent, implying a revenue of $100.5 million to $103.3 million.

Analysts were expecting a second-quarter loss of 5 cents a share on revenue of $98.4 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $13.01 Tuesday 4 May on the New York Stock Exchange.

(Reporting by Vidya Lakshmi in Bangalore; Editing by Ratul Ray Chaudhuri)

© Thomson Reuters 2024 All rights reserved.