×
305
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
By
Reuters
Published
Oct 14, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jones slashes '08 earnings forecast, cites economy

By
Reuters
Published
Oct 14, 2008

SAN FRANCISCO, Oct 14 (Reuters) - Jones Apparel Group Inc slashed its earnings expectations for the full year on Tuesday, October 14th citing the economy's impact on consumer spending, and its shares fell 3 percent.


www.jonesapparel.com

Jones, whose brands include Anne Klein, Nine West and Jones New York, said consumers were spending less and it expected more mark-downs in the fourth quarter.

The company warned that full-year adjusted earnings from continuing operations were now expected to range between 93 cents to 98 cents per share, compared with a prior outlook of $1.20 to $1.35.

Third-quarter adjusted earnings per share from continuing operations are expected to range between 32 cents to 34 cents, the company said. The company plans to report third-quarter results on Oct 29.

Wall Street, on average, had been expecting adjusted earnings of $1.24 per share for the full year and third-quarter adjusted earnings of 51 cents per share, according to Reuters Estimates.

"Our retail operations trended negatively during the third quarter consistent with the overall economic climate, reflecting a drop in consumer confidence and spending levels," said Chief Executive Wesley Card in a statement.

"Given the difficult business climate, we anticipate a more promotional fourth quarter and are therefore revising our full year guidance," Card added.

Shares of Jones fell to $13.13 in after-hours trade following the company's warning, after closing 6 percent lower to $13.52 in regular trading on the New York Stock Exchange. (Reporting by Alexandria Sage; Editing by Tim Dobbyn)

© Thomson Reuters 2023 All rights reserved.