Liz Claiborne (LIZ) Reports Q4 Adj-Loss of $0.04, Beats by 1c; Won't Issue FY09 Outlook
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Liz Claiborne Inc. (NYSE: LIZ) reports Q4 non-GAAP loss of $0.04, 1 cent better than the analyst estimate of ($0.05). Revenues for the quarter were $911.2 million, versus the consensus of $994.86 million.
William McComb, Liz's CEO said, "Given the lack of visibility caused by the highly uncertain environment, we are not providing full year 2009 EPS guidance. However, our 2009 plan assumes a retail environment similar to the fourth quarter of 2008, throughout 2009."
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Liz Claiborne
Tiabell on Mar 4, 2009 02:09 PMIt is amazing that the Board of Directors still has Bill McComb sitting there. He is using the economic environment to spin the losses at Liz.. He gave away the fragrance division, his strategy to open retails stores is absurd, he has alienated the dept. stores. It's an outrage.