Clothing group Haggar Corp has posted a 5 per cent increase in fiscal fourth-quarter sales to $131.8 million from $125.5m in the same period in 2003.

Net income totalled $3.8m, or $0.54 earnings per diluted share, as compared to net income for 2003 of $7.3m or $1.12 earnings per diluted share.

Core earnings, which exclude the effect of unusual charges, totalled $3.8m for the fourth quarter of fiscal 2004, or $0.54 core earnings per diluted share, compared to $4.2m for the fourth quarter of fiscal 2003 or $0.64 core earnings per diluted share.

Net sales for the full fiscal year of 2004 rose 1 per cent to $487.9m as compared to $482.4m in 2003.

Net income for the full fiscal year of 2004 totalled $9.4m, or $1.34 earnings per diluted share, compared to net income for fiscal 2003 of $9.9m, or $1.53 income per share.

For the full fiscal year, Haggar reported $10.2m in core earnings, or a 24 per cent hike in core earnings per diluted share to $1.46 in fiscal 2004 compared to $7.6m in core earnings, or core earnings per diluted share of $1.18 in 2003. 


Frank Bracken, president and chief operating officer said: "We are excited that the company's innovative products continued to perform in a difficult retail environment during the past year. These successes provide solid building blocks for fiscal 2005."


Haggar Corp, through its wholly owned subsidiary Haggar Clothing Co, markets men's casual and dress apparel and ladies' sportswear in the US, UK, Canada, Mexico, and Indonesia.

Haggar also holds licenses to use the Claiborne trademark and the Kenneth Cole New York and Kenneth Cole Reaction trademarks in the US.