NICH 6.2
Nitches, Inc. engages in the design, contract manufacture, marketing, and distribution of wholesale apparel to national retailers, regional chain stores, and specialty retailers in the United States. Its products include women’s sleepwear, sportswear, western wear, and outerwear; men’s casual lifestyle clothing and golf apparel; and men’s and women’s performance apparel. In addition, the company imports and distributes women’s robes, loungewear, swimwear, and intimate apparel; men’s sleepwear, robes, and loungewear; and infant’s and children’s sleepwear and robes. Further, Nitches offers home decor items, such as candles, candle holders, and bath accessories.
Friday December 15, 9:00 am ET
Nitches, Inc. Announces Improved Fiscal Results for 2006
Acquisitions Enhance Organic Sales Growth, Order Backlog Increases 452% to $44.7 million
SAN DIEGO, CA--(MARKET WIRE)--Dec 15, 2006 -- Nitches, Inc. (NASDAQ:NICH - News) announced today its results for the year ended August 31, 2006. Highlights included:
-- Net sales for the year increased 108% to $54.8 million from prior year $26.3 million
-- Annual earnings per share of $.11 versus a year ago loss of $.34
-- Gross margin improvement to 27.1% from 22.0
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