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Non-Tech : Cutter and Buck (CBUK) -- Ignore unavailable to you. Want to Upgrade?

To: Gogi who wrote (85)	3/2/1998 4:28:00 PM
From: Randy Schmid	Read Replies (1) \| Respond to of 128

Yikes! CBUK's been going through the roof! I didn't flag any news today, but heavy volume and light float pushed 'er into the stratosphere. Anybody out there heard anything? Randy

To: Gogi who wrote (85)	9/11/1998 8:27:00 AM
From: JakeStraw	Respond to of 128

Cutter & Buck Announces 44% First Quarter Sales Increase to $17.8 Million And Profits Increase 67% to $0.14 Per Share SEATTLE, Sept. 10 /PRNewswire/ -- Cutter & Buck Inc. (Nasdaq: CBUK - news) announced today that its first quarter net sales increased 44% to $17.8 million compared to $12.4 million in the first quarter a year ago. Net income increased 67% to $794,000 or $.14 per share (diluted) in the quarter, compared to $475,000 or $.09 per share (diluted) in the like quarter a year ago. ''The strong platform we've built for the Cutter & Buck brand has resulted in larger orders from a growing account base, increased gross margins and expanded consumer awareness of our fashion and quality differentiation,'' stated Harvey Jones, CEO. ''We are also pleased with the response from our new initiatives such as our agreements to service major golf events including the U.S. Open, Ryder Cup and PGA Championships, launching our women's line and expansion of our New York showroom to meet specialty store demand. We are particularly excited about next month's opening of our first flagship retail store in downtown Seattle.'' The Company's first quarter gross margin improved to 42.9% from 40.1% in the first quarter a year ago. Net income improved to 4.5% of sales in the first quarter of fiscal 1999 compared to 3.8% in the respective period a year ago. ''We have continued to achieve strong current operating performance while proceeding with strategic internal investments designed to build a premier international sportswear company,'' noted Marty Marks, President and Chief Operating Officer. ''Specifically, we have strengthened our management team and support staff and enhanced our technology and system capabilities. As a result, we have been able to expand our marketing and sales distribution efforts and have fortified our product development activities. We have continued to generate strong sales growth in each of our distribution channels with increases in both the number of accounts and the average order size of those accounts. ''We are also very pleased with the way that Jeff Buchman, VP Marketing and Communications, Ernie Pyle, Chief Information Officer, and Scott Darkenwald, Director of Retail Development, have quickly established themselves in their new leadership roles within the Company. At the beginning of the quarter, we also bolstered our sales management team by expanding Andy Hilton's role as National Sales Manager for Corporate Accounts. These talented individuals further augment our proven ability to build on our sales and brand momentum,'' Marks added. Statements made in this news release that are not historical facts are forward looking information. Actual results may differ materially from those projected in any forward looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward looking information. Those factors include, but are not limited to, style changes and product acceptance, relations with suppliers and independent sales representatives, the ability of the Company to control costs and expenses, the ability of the Company to carry out successful design and planned product and brand extension activities and to penetrate its chosen distribution channels, competition, foreign currency risks, risks associated with opening and operating a retail location, political and trade relations and general economic conditions. Additional information on these and other factors which could affect the Company's financial results are included in its Securities and Exchange Commission filings. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information. Cutter & Buck designs, sources and markets updated traditional men's sportswear and outerwear. It distributes its products predominantly through golf pro shops and resorts, better men's specialty stores and direct sales accounts. The Company has developed a colorful, innovative collection of high-quality sportswear targeted to the upscale 30- to 55-year old men's apparel market, projecting an updated American design evocative of a sporting lifestyle.

To: Gogi who wrote (85)	9/25/1998 11:18:00 AM
From: JakeStraw	Respond to of 128

fnews.yahoo.com Cutter & Buck: Bucking the Golf Slump You may not know it from the way most golf stocks have performed lately, but the sport of golf is in a major upswing. Aging Baby Boomers are hitting the links in record numbers, yet many equipment makers are struggling. It is the apparel stocks that are thriving in this golf boom. Cutter & Buck (Nasdaq:CBUK - news) has averaged 73% growth in sales over the past three years and triple digit profit growth. Analysts are projecting a 30%+ growth rate for earnings going forward. Since we first profiled it about two years ago, the stock is up 140%. Cutter & Buck designs, sources and markets upscale men's and women's sportswear. The clothes are primarily distributed through golf pro shops and resorts (where profit margins are huge), as well as high-end specialty stores. Cutter & Buck also targets corporations with promotional clothing such as embroidered shirts, so their strong presence in pro shops and specialty stores puts their brand in front of executives who are potential corporate clients. Part of the reason apparel stocks might be holding up better than other golf-related stocks is there are some tangential trends that give Cutter & Buck a multi-dimensional business model. The sportswear can be worn not only for golf or tennis, but to the office as well. Cutter & Buck's high quality and style are ideally suited for office casual wear, a trend that is sweeping the nation and should continue as baby boomers take over the board room. So while the financial turmoil around the globe is putting the pinch on so many companies these days, business is booming at Cutter & Buck. Revenues topped $70 million last year compared to $13.4 million in 1995. In the company's latest results, the first quarter of its fiscal year 1999, sales were up 44% and net profits soared 67%. Margins are rising nicely thanks to tightly-controlled distribution through golf pro shops and other high-end retailers, where margins are fattest. With a fast-growing company like this, investors have to careful that the best days aren't already behind it. But for Cutter & Buck, there appears to be plenty of room for further growth since they have less than 30% penetration of the pro shops. The company is getting larger orders from existing accounts as well as signing up new customers among the 13,000 golf pro shops in the U.S. Last month, the company also announced plans to open a flagship store in Seattle this Fall. The 3,400 square foot space will be located in Pacific Place, a glitzy new shopping center in downtown Seattle. Cutter & Buck's stock price has retreated along with the rest of the market in recent months, slipping from a July peak of $32 to as low as $20 this month. At its current price of $24.50, the stock carries a P/E of 21.7 using trailing 12-month earnings. Using the consensus estimate for this year (FY99 ending in April), Cutter & Buck has a forward P/E of 18, which is well below the 30% expected growth rate. The stock is 15% management-owned. With a market capitalization of $135 million and Wall Street coverage expanding quickly (7 analysts now follow it), Cutter & Buck is attracting more widespread attention from institutional investors...especially if they spend a little time in the pro shop.