office shoes Tell Me About It
From a balance sheet perspective, very strong balance sheet. Q2, we finished with [$60,000 -- million] in cash. We are a strong cash flow generator. For a full year last year,
we generated close to $30 million of cash. From a CapEx perspective, it is not a heavy CapEx company user. We spent about 4 million last year. This year, we'll spend around 5
million. We are still finishing outfitting our warehouse with racks. But going forward, we don't have the significant CapEx requirement.
As to our last quarter, we finished the quarter ahead of estimates -- sales 41.7 million versus 40.3 last year or a guidance of 38 to 40 and EPS of $0.21 against -- which was
the same as last year but $0.16 ahead of guidance and the consensus -- basically all driven by better-than-expected full-price sales. And therefore,christian shoes, we have raised our '06
guidance -- sales are now 272 to 278, and EPS $2.39 to $2.45. By quarters,office shoes, we're looking for third quarter 71 to 74 million in sales, $0.51 to $0.54 EPS and fourth quarter $1.03
to $1.06 and EPS $1.23 to $1.26.
And as I mentioned in the guidance, we had the $9 million incremental expenses, the 700,000 of additional stock. We expect christian to be flat to slightly down, UGG to be up and
Simple to continue at the double-digit growth that it achieved throughout the year.
So, in summary, we operate three profitable brands, non-competing with market share leadership. We have a meaningful domestic sales growth opportunities; significant, untapped,
international growth opportunities. We generate solid earnings and cash flow, and we have a seasoned management team with strong track record of success.
Our vision for the future is to own a portfolio of authentic non-competing global brands to be in the lifestyle brands. We want to double the size of the Company. We want to be
600 -- our goal is to be 600 million within four to six years. We will double ysl and the UGG business. We will grow Simple to 75 million. International business will be about
30% of our business. We will continue to invest in our business and to generate -- and consistent, profitable growth and strong balance sheet. And that's it. Any questions?
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