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Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
Aug 8, 2012
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Maidenform forecasts profit below Street estimates

By
Reuters
Published
Aug 8, 2012

Lingerie maker Maidenform Brands Inc forecast the current quarter and full-year earnings below Wall Street estimates as it expects continued weakness in Europe and in the United States.


Photo: Maidenform


The company forecast earnings of 40 to 45 cents per share for the quarter ending Sept. 30. Analysts on average were expecting 64 cents per share, according to Thomson Reuters I/B/E/S.

Maidenform expects full-year earnings of between $1.50 and $1.60 per share. Analysts were expecting $1.78 per share.

Intimate wear sales have deteriorated as efforts to pass on higher raw material costs to customers have not succeeded, prompting retailers to discount more.

Maidenform's gross margins declined to 34 percent from 34.8 percent in the second quarter as a result of increased promotional and off-price retailer activity.

Rival Hanesbrands Inc reported lower second-quarter earnings last month as higher cotton costs eroded its margins. The company has trimmed its operations by exiting or selling some of its divisions to boost margins.

Maidenform, which also competes with Limited Brands Inc's Victoria's Secret, reported second-quarter earnings of $11.4 million, or 49 cents per share, compared with $11.6 million, or 50 cents per share, a year earlier.

Excluding items, Maidenform earned 67 cents per share.

Sales dropped 7 percent to $157.5 million.

The Iselin, New Jersey-based company's shares closed at $22.34 on Tuesday on the New York Stock Exchange.

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