Company Description
True Religion Apparel, Inc designs, manufactures and markets its own product line of premium apparel. The company is best known for its unique jeans for men, women and children. True Religion merchandise can be found in the company's 34 retail locations, premium department stores and boutiques around the world, or its web site. The company is headquartered in Vernon, California and carries a market cap of approximately $750 million.
A Record-Breaking Quarter
True Religion announced second-quarter results on August 6th, which included net sales of $64.2 million, a 78.9% year-over-year increase and company record. All three segments of the company reported more than 50% year-over-year increase in sales, including the Consumer Direct segment, which rose by 170.5%.
The record-level sales translated to earnings per share of 39 cents, 18% higher than the consensus estimate and 86% higher than the second quarter of 2007. The company has met or beat earnings expectations in each of the last four quarters, with an average surprise of 8.9%
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