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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (9687)	10/20/1998 12:51:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 29382

Amigo Mike It won't be long. ht david

To: Amigo Mike who wrote (9687)	10/20/1998 8:41:00 AM
From: Paul Lee	Respond to of 29382

Talked about it here before, look at these numbers PremiumWear 3rd Quarter Earnings Up 84% Sales Up 37% MINNEAPOLIS, Oct. 19 /PRNewswire/ -- PremiumWear, Inc. (NYSE: PWA) today reported net income of $.12 per share or $293,000 for the third quarter ended October 3, 1998, up 84% compared to earnings for the 1997 like quarter of $.07 per share or $159,000. Sales were $10.7 million, up 37% from last year's $7.8 million. For the nine month period, net income was $.42 per share or $1,009,000 on sales of $33.0 million, compared to earnings for the 1997 like period of $.28 per share or $668,000 on sales of $26.2 million. "Sales for the quarter exceeded last year's comparable period due to continued strong demand for our Munsingwear(R) corporate apparel line of knit and woven shirts to the promotional products market and, to a lesser extent, initial fall shipments to golf shops of our new Page & Tuttle(TM) line of sports apparel, which was introduced to the golf market at the PGA Show in Orlando this past January," said Thomas D. Gleason, Chairman and CEO. "Gross margins continued to improve over last year's comparable period due to more efficient sourcing and re-entry into the golf business. In addition, continued control of our working capital resulted in net interest income in the quarter of slightly more than one cent per share," Gleason added. David E. Berg, President and COO said, "We have experienced positive response to our new product lines for 1999 from both the promotional products and golf markets, and we are planning for continued sales and profit growth." PremiumWear, Inc. designs, sources and markets knit and woven shirts and other apparel to the promotional products/advertising specialty industry as a licensee of the Munsingwear(R) brand and to golf pro and resort shops using its new Page & Tuttle(TM) brand.