First quarter earnings lucrative work of asia-europe market benefit

Company general to earnings expectations are the conservative attitude. It expected revenue in the second quarter to 6.6 billion dollars for 6.45, earnings per share to 83 cents for 77. Reuters interview analysts expected operating income for 6.5048 billion dollars, earnings per share of 79 cents.
The company says the plan is to selectively raise basic style of jeans and skirt, and other types of price, to relieve the pressure of the rising raw material costs.
Chief executive for Marciano said in a statement that "our whole industry is faced with the commodity costs rose issue, and many economies are still uncertain". But the group first quarter sales in all regions have attained growth. Among them the business income growth in Europe, Asia, 12% climbed 24%. All of these two areas around 45% of sales group.
Competitors include the work VFCorp Levi Strauss, and True Religion. Group and other companies are planning to continue investment development as Asian and European markets.
The European economy after the financial crisis is now in stable began gradually, brand plan to set up shop in Europe this year between 81 86. As for in South Korea and China, and other Asian markets, the company's plans are set between this year 56.
North American market accounts for about 42 percent of the company's overall sales, first quarter same-stores sales growth at least 5%.
Wedbush analyst, Betty, "said Chen in North America retail business, especially in improving trends appear in many ladies types. She also said the work the same benefits such as France and Germany did not develop market.
The company announced the first quarter earnings per share 46 cents, higher than the market had expected earnings 44 cents.
Shares in reopen after work for $45.15 trade valence Wednesday, 40.10 dollars. Closing times