Tumi Holdings (TUMI) Reports In-Line Q2 EPS

Tumi Holdings (NYSE: TUMI) reported Q2 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $124.6 million versus the consensus estimate of $124.31 million.

Tumi Holdings sees FY2014 EPS of $0.88-$0.92, versus the consensus of $0.90.

Jerome Griffith, Chief Executive Officer, President and Director, commented, “We were pleased to see the accelerated sales performance that we had anticipated during the second quarter. Trends throughout our business demonstrated strong reception to our product offering. Double digit sales growth across all of our segments was driven by robust comparable store sales expansion in our retail stores and our strong e-commerce business. Looking ahead, we are confident that we can meet our sales and earnings goals for the full year, as we invest in the business to expand our retail footprint and bring our e-commerce platform in-house. Overall, we believe that we are well-positioned to continue driving growth and shareholder value for the long-term as we successfully execute on our stated growth initiatives.”

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

You May Also Be Interested In

• North American Construction (NOA) Tops Q2 EPS by 9c; Offers Guidance
• ArriVent BioPharma, Inc. (AVBP) Misses Q2 EPS by 13c
• EquipmentShare.com Inc. (EQPT) Reports Q2 EPS of $0.18; Offers Guidance