Tarrant Apparel Group (TAGS) said it expects sales of $85m and earnings of two cents to four cents a share for the third quarter based on current trends. A Thomson Financial/First Call survey for the third quarter of just two analysts produced an earnings estimate of 23 cents a share, and one analyst estimated sales of $112.4m.

In last year's third quarter, Tarrant earned $1.69m or 11 cents a share on sales of $107m.

For 2001, Tarrant expects earnings of 18 cents to 28 cents a share, and sales of $350m. A First Call survey of just two analysts produced an earnings estimate of 52 cents a share, and one analyst predicted revenue of $395.6m for the year.

Tarrant reported a loss of $2.5m or 16 cents a share, including charges totalling $4.6m pre-tax, and sales of $395.2m for 2000.

For the fourth quarter, Tarrant said it is cautiously optimistic that customer purchase orders will recover as inventories remain "quite lean at retail."


To view related research reports, please follow the links below:-

The 2000 World Forecasts of Apparel and Clothing Accessories Export Supplies

The 2000-2005 World Outlook for Selected Men's and Boys' Apparel