Hallenstein Glasson FY profit rises 15 percent, meeting guidance; stock gains

Tue, 25 Sep 2012

By Hannah Lynch Sept 26 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, posted a 15 percent increase in full-year earnings, meeting its guidance as the retailer increased market share. The stock rose 2.4 percent. Profit gained to $21 million in the 12 months ended Aug. 1, from $18.3 million a year earlier, the Auckland-based company said in a statement. Sales increased 4.9 percent to $215.6 million. Profit exceeded the retailer’s own guidance of $20.4 million to $20.8 million and beat market consensus of $20.4 million. T...

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