January 18, 2008
The Warnaco Group Inc announced that, in conjunction with its appearance at the Tenth Annual ICR XChange Conference, Company management will comment on preliminary results for fiscal 2007, stating that the Company currently expects to meet or exceed both its revenue and earnings per share guidance, previously estimated as follows: on an as adjusted basis (excluding businesses expected to be discontinued in 2008 and restructuring expenses), net revenue growth of 11%-12% over comparable fiscal 2006 levels and diluted earnings per share from continuing operations in the range of $2.10 - $2.18 (assuming minimal pension expense).
A live webcast of the presentation, scheduled for Thursday January 17, 2008 at 11:00 am EST, will be available on the investor relations page of Warnaco's website.
The attached schedule, as provided on November 5, 2007, contains a reconciliation of net revenue growth and diluted earnings per share from continuing operations, on a GAAP basis (10.3% - 11.3% and $1.46 - $1.51 per diluted share, respectively), to the 'as adjusted' fiscal 2007 guidance set forth above.
The Warnaco Group Inc, headquartered in New York, is a leading apparel company engaged in the business of designing, sourcing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands.
The Warnaco Group Inc
Source @ Fibre2fashion.com
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