>> Saturday, August 6, 2011
True Religion Jeans Women's Pink Disco Joey Big-T-Dark Promiseland are lowrise flare with back flaps. Natural Big T thread combination. These jeans feature Pink Swarovski crystals which are used as buttons and rivets. Available in our "Dark Promiseland" wash. The jeans are made from cotton and spandex, it is comfortable for you to wear.
The company has been working to expand its direct-to-consumer businesses and that strategy appeared to pay off during the quarter.
Shares rose $2.29, or nearly 8 percent, to $32 in aftermarket trading on the better-than-expected results.
Net income rose to $9.4 million, or 38 cents per share, from $7.5 million, or 30 cents per share, last year. Analysts expected net income of 33 cents per share, according to FactSet.
Revenue rose 20 percent to $98.3 million from $82.2 million last year. Analysts expected $91.6 million.
The Vernon-based company had strong demand at its retail stores and Web site. Revenue in that segment rose 42 percent to $58.8 million. Revenue in stores open at least one year rose 14.8 percent.
The Los Angeles based premium denim company has become known for its intense attention to detail: from the fashion-forward seams, to the remarkable embroidery and innovative hand-sanded vintage washes, True Religion Brand Jeans has distinguished itself as a leader in the high-end denim market. The Stella Skinny Pant from True Religion features: Zip and button-closure Simple 5-pocket design Signature logo embroidery on rear pockets True to size fit with stretch Made in the U.S.A. Model is wearing size 26 10% Spandex