Tumi Holdings (TUMI) Tops Q2 EPS by 6c; Guides In-Line

Tumi Holdings (NYSE: TUMI) reported Q2 EPS of $0.25, $0.06 better than the analyst estimate of $0.19. Revenue for the quarter came in at $138.5 million versus the consensus estimate of $132.96 million.

Tumi Holdings sees FY2015 EPS of $0.90-$0.95, versus the consensus of $0.93.

Jerome Griffith, Chief Executive Officer and President, commented, “Our strong financial results in the second quarter were driven by sales growth of 11%, gross margin expansion of 100 basis points, operating income growth of 27%, and net income growth of 37%. Our performance was led by strength in our retail business worldwide, as well as the continued momentum in our international wholesale segment. We remain focused on continuing to execute our growth initiatives, including introducing innovative new products and growing our footprint worldwide, driving brand awareness and attracting new consumers to the Tumi brand globally. Overall, we are well positioned to drive sustainable sales and earnings growth over the long term.”

For earnings history and earnings-related data on Tumi Holdings (TUMI) click here.

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