USA: Haggar Corp Pleased With Q1 Results

Leading US marketer of men's casual and dress apparel and women's sportswear, Haggar Corp, on Wednesday said it was pleased with its earnings for the first quarter ended December 31, 2001, as they beat expectations. For the first quarter of fiscal 2002, Haggar reported net sales of $99.3 million and net income of $72,000, or $0.01 on an earnings per share basis, before giving effect to a cumulative effect of a change in accounting principle as detailed below.