CHBD.OB $1.08--
(COMTEX) B: Bernard Chaus Reports Second Quarter 2007 Results ( BusinessWi
B: Bernard Chaus Reports Second Quarter 2007 Results ( BusinessWire )
NEW YORK, Jan 31, 2007 (BUSINESS WIRE) --
Bernard Chaus, Inc. (OTC Bulletin Board: CHBD.OB) today reported
its financial results for the second quarter and first six months of
fiscal 2007.
For the second quarter ended December 31, 2006, revenues increased
by approximately 71.2% to $39.4 million from $23.0 million in the
second quarter last year. The Company reported net income for the
second quarter of 2007 of $1.3 million, or $0.03 per diluted share on
a weighted average of 38.0 million shares outstanding, compared to a
net loss of $4.9 million, or a loss of $0.13 per diluted share on a
weighted average of 37.0 million shares outstanding, in the second
quarter of fiscal 2006.
For the six-month period ended December 31, 2006, revenues grew by
approximately 29.9% to $78.9 million, up from $60.7 million in the
same period last year. Net income for the first half of fiscal 2007
was $2.5 million, or $0.07 per diluted share on a weighted average of
37.9 million shares outstanding, compared to a net loss in the
year-ago period of $4.8 million, or a loss of $0.13 per diluted share
on a weighted average of 36.5 million shares outstanding.
Josephine Chaus, Chairwoman and Chief Executive Officer, said, "We
are very pleased with the increases achieved in both revenue and
income for the quarter. The gains were driven by higher revenues
across our branded, private label and licensed product lines."
Bernard Chaus, Inc., designs, sources and markets an extensive
range of women's career and casual sportswear, principally under the
Josephine Chaus, Chaus, Cynthia Steffe and Cynthia Cynthia Steffe
trademarks, as well as private label. The Company's products are sold
nationwide through department store chains, specialty retailers and
other outlets. The Company also has a license agreement with Kenneth
Cole Productions, Inc. for the manufacture and sale of a women's
sportswear line under the Kenneth Cole Reaction label.
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