Tumi Holdings (TUMI) Tops Q4 EPS by 5c
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Tumi Holdings Announces Financial Results for the Fourth Quarter and Full Year 2015
February 24, 2016 4:05 PM ESTFourth quarter net sales increased 2.3% to $167.7 million (up 4.4% in constant currency) Fourth quarter gross margin expanded 240 basis points to 60.1% Fourth quarter diluted EPS increased 5.7% to $0.37; excluding the expenses for business development activities, including the acquisition of Tumi Japan, adjusted diluted EPS was $0.38 (up 8.8%, and up 12.7% in constant currency) Full year 2015 net sales increased 3.9% to $547.7 million (up 6.7% in constant currency). Full year 2015 gross margin expanded 170 basis points to 59.7% Full year 2015 diluted EPS... More
