CAND
CAND - CANDIE'S INC
Exchange: NASDAQ
Delay: at least 15 minutes
Last Price: 3 11/32 at 16:00 EST
Change: Up 1/32 (+0.94%)
High: 3 1/2 at 9:30 EST
Low: 3 5/16 at 10:06 EST
Open: 3 1/2
Previous Close: 3 5/16 on 12/18
Volume: 179,300
30-Day Avg. Volume: 417,000
Shares Outstanding: 17,212,000
52-Week High: 8.62
52-Week Low: 2.62
Beta: 1.45
Yield: Nil
P/E Ratio: 9.29
EPS: 0.36
Currency Units: US Dollar
S&P Comstock
Individual Investor has picked CANDIES to be part of Magic 25 for 1999......
CEO owns 21%,,,
33 inst's control 28.5% of float,,,
Relative small float ,, with tight spread ,,so no one gets creamed ,,,
Chart is ready to break out over 50 dms ,,
Candies.....Designer shoe maker....Hot and hip shoes/sandals/bags made by this company are sold in Macy's, Foot Lockers, Sears and others.... they are expanding into clothing for x - generation ,,, new products coming out and being backed by 27 mil campaign featuring Jenny McCarthy/playboy model/MTV/comedian, Shania Twain/country singer and Lil Kim rapper.. Company being run by Kenneth Cole's brother...Revenues grew 44% last 2 q's.....teaming up with Liz Claiborne to create fragrance/cosmetics....expanding overseas in 10 countries.....opening retail stores (3 already open, 2 more scheduled)
Bongo line will add 50 mil in revenues 1999, which should reach 220 mil in 2000....
great pe of 8.4......... fall line is all sold out with Christmas coming up.......stock is at bottom with nice upside potential....
1995....37.9
1996....45
1997........93
1998......120.2
1999..projected 179 mil
Soon will go on internet ,, I hear ,,
Working capital increased approximately $11 million to $28.1 million at October 31, 1998 from $17.3 million at January 31, 1998. The current ratio at October 31, 1998 was approximately 2.61 to 1. Inventory levels at October 31, 1998 decreased by $1,400,000 to $14.8 million from $16.1 million at January 31, 1998.
From 10Q , Dec 15, 1998
Results of Operations
Revenues. Net revenues increased by $6.6 million or 28% to $30.4 million in the three months ended October 31, 1998, from $23.8 million in the comparable period of the prior year. Net revenues increased by $27.1 million or 38% to $97.5 million in the nine months ended October 31, 1998, from $70.4 million in the same period in 1997. The increase was primarily due to increased brand awareness and consumer acceptance of the Company's products due to the Company's increased sales and marketing efforts, coupled with increased sales in all product categories, the successful introduction of children's footwear products and, in part, increased selling prices.
Gross Profit. Gross profit margins increased to 26.2% in the three months ended October 31, 1998 from 25.7% in the comparable period of the prior year. Gross profit margins increased to 28.6% in the nine months ended October 31, 1998 from 25.3% in the same period in 1997. The increases were primarily attributable to changes in product mix.
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