Net income for the fourth quarter of 2008 was $3.9 million, or $0.05 per diluted share. Net income for the fourth quarter of 2007 was $3.0 million, or $0.06 per diluted share.
For the full year ending December 31, 2008, American Apparel reported consolidated net sales of $545.1 million, a 40.8 percent increase over sales of $387.0 million for the year ending December 31, 2007. Total retail sales increased 61.8 percent to $341.3 million for 2008, as compared to $211.0 million for 2007. At December 31, 2008, American Apparel operated 260 stores, as compared to 182 stores at December 31, 2007. Comparable store sales for stores open longer than 12 months increased 22 percent for the year. Total wholesale sales, excluding online consumer sales, for the year ending December 31, 2008 were $164.4 million as compared to $150.7 million for the year ended December 31, 2007, an increase of 9.1 percent. Online consumer sales increased 55 percent to $39.4 million for the year ended December 31, 2008 versus $25.4 million for the year ending December 31, 2007.
- Companies:
- American Apparel
- Places:
- Los Angeles