USA: Tarrant Apparel Predicts $85m Sales
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."
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