
Breguet Classique Grande Complications BR-15
Reported by 3214654 | February 14th, 2011 @ 01:45 AM
For the third quarter ended October 30, 2010, the Company
recorded net Breguet Classique Grande_replica Breguet Classique
Grande Complications Breguet Classique Grande watches
Tourbillon BR-28 of $36.3 million, or $.20 per diluted share. Those
results included a $26.7 million, or $.14 per share, gain related
to the reversal of certain estimated income tax reserves deemed no
longer necessary. Excluding this gain, the Company would have
recorded net income of $9.7 million, or $.06 per share, for the
third quarter ended October 30, 2010.
For last year’s third quarter ended October 31, 2009, the
Company posted net income of $6.3 million, or $.04 per share. Those
results included a $4.4 million, or $0.03 per share, gain related
to the reversal of certain estimated income tax reserves deemed no
longer necessary. Excluding this gain, the Company would have
recorded net income of $1.9 million, or $.01 per share, for the
third quarter ended October 31, 2009.
For the nine months ended October 30, 2010, the Company recorded
net Breguet Classique Grande_replica Breguet Classique Grande
Complications Breguet Classique Grande watches BR-32 of $22.9
million, or $.14 per diluted share. Those results included a net
after-tax gain totaling $13.9 million, or $.08 per share, comprised
of:
In the Saks Fifth Avenue stores, several merchandise categories
showed strength during the quarter, including shoes, women’s
apparel, dresses, men’s sportswear, and fashion jewelry. The
New York City flagship store sales performance was in line with the
Company’s aggregate comparable store sales performance during
the quarter.
Managing Selling, General, and Administrative expenses
(“SG&A”) continues to be a priority, although, as
expected, the Company experienced deleverage for the quarter. As
previously disclosed, the Company realized a reduction in
proprietary credit card income primarily related to previously
announced term changes with HSBC (equating to approximately $2.0
million and $5.0 million in the third quarter and nine months,
respectively), and the Company is making targeted investment
spending to support growth in such areas as Saks Direct. In
addition, year-over-year incentive compensation expense increased.
For the third quarter, as a percent of sales, SG&A expenses
were 26.7% this year compared to 25.7% in the prior year, Breguet
Classique Grande_replica Breguet Classique Grande Complications_
Breguet Classique Grande watches BR-15 to 100 basis points of
deleverage. As expected, the Company experienced modest
year-over-year deleverage of 30 basis points for the nine months,
with current year SG&A expenses of 26.6% of sales compared to
26.3% in the first nine months of last year.websize:www.watchpond.com.
Corum Golden Bridge, Rolex watch, official website, Jewelry
watches, cartier watches, omega watches,Chanel J12
Diamond,Breguet Classique Grande,omega seamaster watches
No comments found
Please Sign in or create a free account to add a new ticket.
With your very own profile, you can contribute to projects, track your activity, watch tickets, receive and update tickets through your email and much more.
Create your profile
Help contribute to this project by taking a few moments to create your personal profile. Create your profile ยป