American Apparel Inc. Reports Second Quarter 2012 Financial Results and Raises EBITDA Outlook for 2012
American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion-basic apparel, announced financial results for its second quarter ended June 30, 2012.
Dov Charney, chairman and CEO of American Apparel Inc. stated, "We are pleased with our second quarter results that again show solid growth and continuing momentum in all business segments and major geographies. Though the first two quarters are historically our slowest, significant sales growth allowed us to more than double our EBITDA performance to $7.6 million in the second quarter of 2012 from $3.7 million in the second quarter of 2011. In the second quarter we saw over 30% of our stores with sales growth in excess of 20 percent and as we continue to scale our operations and further implement store-level improvements, we believe we can raise the overall sales performance even further."
- Companies:
- American Apparel