MAYWOOD, NJ--(Marketwire - February 12, 2009) - Jaclyn, Inc. (
Net sales for the three-month period ended December 31, 2008 were $49,769,000 compared to $40,193,000 a year earlier. The Company reported second quarter net earnings of $1,357,000, or $.59 per diluted share, compared to net earnings of $601,000, or $.24 per diluted share, in the second quarter of fiscal 2008.
Net sales for the six-month period ended December 31, 2008 were $81,139,000 compared to $77,646,000 for the same period last year. Net earnings for the six-month period ended December 31, 2008 were $862,000, or $.37 per diluted share, compared to net earnings of $901,000, or $.36 per diluted share, in the same six-month period last year.
Note: This press release contains information concerning, among other things, our future plans and objectives that are or may be deemed to be forward-looking statements. However, forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, general economic and business conditions (including the ongoing financial downturn and disruptions in credit markets); competition; potential changes in customer spending; acceptance of our product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; a highly promotional retail environment; any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates as well as other significant accounting estimates made in the preparation of our financial statements; and the impact of current and potential hostilities in the Middle East and in other geographic areas; as well as other geopolitical concerns. You are urged to consider all such factors. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. We assume no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories. Website: jaclyninc.com
JACLYN, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited)
Second Quarter Six Months
Ended December 31, Ended December 31,
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2008 2007 2008 2007
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Net Sales $ 49,769,000 $ 40,193,000 $ 81,139,000 $ 77,646,000
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Net Earnings $ 1,357,000 $ 601,000 $ 862,000 $ 901,000
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Net Earnings per
Common Share -
Basic $ .60 $ .24 $ .38 $ .36
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Net Earnings per
Common Share -
Diluted $ .59 $ .24 $ .37 $ .36
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Weighted Average
Number of Shares
Outstanding -
Diluted 2,313,000 2,537,000 2,319,000 2,521,000
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Contact Information: Company Contact: Anthony Christon Chief Financial Officer Jaclyn, Inc. (201) 909-6000