Tumi Holdings Q2 Profit Rises; Backs FY14 Outlook - Quick Facts

(RTTNews) - Tumi Holdings, Inc. (TUMI) Thursday posted second-quarter net income of $12.2 million or $0.18 per share, compared to $11.2 million or $0.16 per share in the same period last year.

Net income before one-time costs rose to $12.2 million from $12.1 million in the comparable quarter last year. Earnings per share for the latest second quarter were $0.18, same as last year. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales improved 15.2% to $124.58 million from $108.19 million last year, while seven analysts expected revenues of $124.31 million.

Looking ahead, to fiscal 2014, the company continues to expect earnings in the range of $0.88 per share to $0.92 per share and net sales to increase between 12% and 15%. Analysts currently expect full-year earnings of $0.90 per share and revenue of 13.60%.