Mossimo reports net revenues of $8.7 million in Q1
Mossimo, Inc., has reported net revenues of $8.7 million for the first quarter ended March 31, 2005 compared with $6.2 million for the same period last year. The company reported first quarter net earnings of $1.8 million compared to net earnings of $1.2 million in the first quarter of 2004.
Edwin Lewis, president and co-chief executive officer stated, "Our results for the first quarter were primarily driven by improvements in our target business, partially offset by challenges at Modern Amusement and Zellers. We are working hard to fine-tune our merchandising and distribution strategies and we remain focused on executing our business plan."
Founded in 1987, Mossimo, Inc. is a designer, licensor and distributor of men's, women's, boys’ and girls’ apparel, footwear, and other fashion accessories such as jewellery, watches, handbags, and belts.
