Authentic Fitness Reports $2.4-Million Quarterly Loss
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Authentic Fitness Corp., a Van Nuys maker of swimwear and fitness apparel under the Speedo, Oscar de la Renta, Catalina, Cole of California and White Stag brand names, reported a $2.4 million loss for its fiscal second quarter that ended Jan. 1 due to one-time charges.
The loss, compared to a year-earlier profit of $2.75 million, included $5.66 million in non-recurring expenses from Authentic Fitness’ acquisition of the Cole and Catalina lines. It also included $1.59 million used to repay debt.
Authentic Fitness’ revenue in the latest quarter was $36.8 million, up 27% from $29 million in revenue a year before.
For the six months, the company lost $594,000, in contrast with a profit of $4.27 million in the year-ago period. Its revenue rose 24%, to $65.4 million from $52.9 million.
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