Vans Inc. BIG HUMONGOUS Earnings jump. Message Board

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

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To: Blue h2o who wrote (396)	9/22/1999 4:57:00 PM
From: Kirk Pearson	Read Replies (1) of 403

Latest earnings are looking good! biz.yahoo.com Summary: Net sales for the quarter increased 25.5% to $82.2 million, compared to $65.5 million for the first quarter of fiscal 1999. Net income rose to $5.9 million, versus net income of $4.7 million in the same period last year, and diluted earnings per share increased to $0.42 versus diluted earnings per share of $0.35 in the first quarter of fiscal 1999. Earnings beat estimates by a penny. At the end of the report you will see that while US sales are up about 10%, the strong growth is in international sales--80%! Total international sales are only about half the amount of total US sales, but catching up quickly. And with the dollar weakening against Asian currencies, Asian prices for Vans products should be even more attractive. Long term debt is a bit disturbing since it's double what it was last year, but it is balanced by the same amount of cash. All in all, a positive report! Tapping my Vans-clad toes, Kirk

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