True Religion Apparel
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), True Religion Apparel beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Margins shrank across the board.
True Religion Apparel reported revenue of $118.5 million. The seven analysts polled by S&P Capital IQ expected a top line of $113.1 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $108.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.49. The eight earnings estimates compiled by S&P Capital IQ averaged $0.45 per share. GAAP EPS of $0.49 for Q3 were 2.1% higher than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.3%, 150 basis points worse than the prior-year quarter. Operating margin was 15.9%, 360 basis points worse than the prior-year quarter. Net margin was 10.4%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $128.0 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $452.8 million. The average EPS estimate is $1.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 504 members out of 577 rating the stock outperform, and 73 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give True Religion Apparel a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on True Religion Apparel is outperform, with an average price target of $28.33.
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