True Religion Apparel Inc. reported unaudited consolidated earnings results for the third quarter and six months ended September 30, 2009. For the quarter, the company reported total net sales of $82.4 million, an increase of 3.8% from $79.4 million in the third quarter of 2008. Operating income increased 1.9% to $22.7 million, or 27.6% of net sales, from $22.3 million, or 28.1% of net sales, in the 2008 third quarter. Net income decreased 8.8% to $14.1 million or $0.58 per diluted share based on weighted average shares outstanding of 24.2 million from $15.4 million or $0.64 per diluted share based on weighted average shares outstanding of 24.2 million, in the 2008 third quarter. Operating income was $22.8 million compared to $22.3 million for the same period of last year. Income before income taxes was $22.8 million compared to $22.4 million for the same period of last year. For the six months, the company reported total net sales of $218.2 million, an increase of 10.7% from $197.0 million in the nine months ended September 30, 2008. Operating income increased 9.5% to $53.7 million, or 24.6% of net sales, from $49.0 million, or 24.9% of net sales, in the prior year period. Net income increased 3.3% to $32.7 million, or $1.35 per diluted share based on weighted average shares outstanding of 24.1 million, from $31.7 million, or $1.31 per diluted share based on weighted average shares outstanding of 24.2 million, in the prior year period. Operating income was $53.7 million compared to $49.0 million for the same period of last year. Income before income taxes was $53.8 million compared to $49.9 million for the same period of last year. Net cash provided by operating activities was $45.0 million compared to $42.2 million for the same period of last year. Purchases of property and equipment were $15.6 million compared to $13.7 million for the same period of last year. The company is updating its guidance for the fiscal year ended December 31, 2009. The company net sales are expected to be in the range of $295 million to $300 million. EPS is expected to be in the range of $1.82 to $1.86 as compared to its previously issued guidance of $1.76 to $1.84.

True Religion Apparel Inc., Q3 2009 Earnings Call, Nov-03 2009

True Religion Apparel Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).