Hallenstein shares jump 7.5% on first-half profit guidance

Tue, 12 Feb 2019

By Jenny Ruth Feb. 13 (BusinessDesk) - Hallenstein Glasson Holdings appears to have had a better than expected Christmas, with first-half sales up 3.1 percent and net profit expected to be about 6 percent higher. The clothing retailer says sales for the six months ended Feb. 1 were $151.2 million, up from $146.8 million in the same six months a year earlier. It expects net profit for the six months will come in at $15.7-16.2 million, up from $15.1 million the previous year. Hallenstein shares jumped 31 cents, or 7.5 percent, to $4.4...

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