Tumi Holdings, Inc. (TUMI) Reports In-Line Q3 EPS; Guides FY Below the Street

Tumi Holdings (NYSE: TUMI) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $130.2 million versus the consensus estimate of $127.3 million.

Tumi Holdings sees FY2014 EPS of $0.84-$0.86, versus the consensus of $0.89.

Jerome Griffith, Chief Executive Officer and President, commented, “Our third quarter results reflect continued momentum in our brand. We are very pleased with our performance across our operating segments, with strong results in our North America retail channel and accelerated growth in both our direct and indirect international businesses. We attribute this performance to an exceptional product assortment, successful brand messaging programs and great execution on our operational initiatives. However, we are seeing a difficult retail environment entering the fourth quarter, and we are tempering our near-term outlook. Overall, we believe that we are making considerable advances toward our long-term goals and remain confident in our ability to drive shareholder value in the years to come.”

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

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