Tumi Holdings Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.88% to $0.16 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 28.59% to $102.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $96.07 million.
Quoting Management: Jerome Griffith, Chief Executive Officer, President and Director, commented, “We are pleased with the strong start to 2013, with solid growth across all channels and geographic segments. We continued to leverage our market position as an iconic global premium lifestyle brand to expand our product offering beyond travel-related merchandise, and our efforts are yielding dividends. Consistent traffic trends combined with favorable acceptance to new product offerings resulted in healthy sales growth in our North America retail and wholesale channels. In addition, we saw continued momentum in the EMEA zone, and further advanced brand acceptance in the Asia-Pacific region as we expand in this market. Overall, we continue to believe that Tumi has significant opportunity for growth in both 2013 and over the long-term.”
Key Stats (on next page)…
Revenue decreased 18.88% from $126.85 million in the previous quarter. EPS decreased 36% from $0.25 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.2. For the current year, the average estimate is a profit of $0.87, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)