2011-06-16 13:11:31
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4/28 beats by $0.08, reports revs in-line (64.25 +0.18)
Reports Q1 (Mar) earnings of $0.37 per share, $0.08 better than the Thomson Reuters consensus of $0.29; revenues rose 10.9% year/year to $333.1 mln vs the $330.2 mln consensus. The co anticipates improved operating margins in fiscal 2011 compared with fiscal 2010, driven by an expected net sales increase of 14 to 16% (Current consensus calls for 12.2% increase YoY) compared with 2010, based primarily on actual first quarter results, the 19% increase in Fall 2011 order backlog, anticipated incremental direct-to-consumer sales.