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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: Andrew Hunter who wrote (76)3/25/1997 5:09:00 PM
From: Flan   of 403
 
Awesome qtr 0.16 vs 0.09 - once again Vans delivers - beating estimate - A few highlights

Gross margins up from 39 to 41 %
Inventory and receivables down
International and national bookings for the next qtr are up 30%
international and national sales for the current qtr were up 40%
Strong demand for snowboarding boots out of the recent trade shows - estimating grwoth of over 30% over last years numbers.
same store comps up an incredible 18%

This is awesome!!! - Note the selling pressure has been from a private research group that has been spreading rumors that Vans is losing market share to airwalk - as you can see from these numbers they are wrong.

The Analysts are drooling!!!!!
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