Is it right to sell jeans for $200-and-up? Better yet, is it right for someone to be paying that much for a pair of jeans? I mean, it’s still cotton right? Moral concerns aside, True Religion Apparel (Nasdaq:TRLG) is doing just that. And doing it darn well. After the close of the markets on Thursday, True Religion, whose jeans can be found on the shelves of Urban Outfitters (Nasdaq:URBN), Bloomingdales, and more recently their new flagship store in Manhattan Beach, CA, announced that they had increased sales nearly 40% year over year for the second quarter, bringing in $30.7 million.
In addition, they net income growth over 40%, put those dollars a share look after adjusting the legal settlement cost. This with Wall Street estimates of $$leel increases sales and earnings per share. Pretty good still.
More important, but in their income, issued announcement that they have engaged investment bank Goldman sachs "to explore different strategy plan." This, in simple language, usually means that they are considering sales company. With what want to?
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