Us Fashion Giant Von Fui: This Year, We Have A Strong Start.

"We have a strong start this year," said Eric C. Wiseman, chairman and chief executive officer of the board of directors of the group. "The first quarter results are better than expected, and gross revenue growth and gross profit even exceed our expectations.

The measures to reduce operating costs and reduce inventory from 09 years have provided a strong impetus for the first quarter.

We expect the growth of front-line product sales will continue to accelerate in the second quarter, and earnings per share will reach a new high this year.

We are confident of our main growth engine outdoor and extreme sports business and its development in China, and will increase investment and support in target marketing and brand building in these areas.

outdoors

Despite increasing investment in marketing and brand building in the first quarter, the revenue of the outdoor and extreme sports section of the group has increased by 50% and profit has increased by nearly 20%.

In order to further enhance the growth momentum and the maximum profit growth of the dominant brands, the group decided to build the brand this year.

Based on the good performance in the first quarter, the group has raised its 2010 annual profit and revenue expectations, from the original 2-3% to 3-4%, and expects to make a profit of $5.90 a year.

The company said it expects annual earnings per share of about $5.90, higher than previously expected 5.60-5.70 dollars.

Revenue is expected to grow by 3-4%, higher than previously expected 2-3%, with a total revenue growth of 10%.

In addition, the company has increased its expectations for the Asian market, hoping to grow by more than 25% annually.