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Last $19.75 USD
Change Today +0.15 / 0.77%
Volume 514.3K
TUMI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

tumi holdings inc (TUMI) Key Developments

Tumi Holdings, Inc. Announces Resignation of Adam Levy as President of Retail, Effective September 3, 2015

On August 20, 2015, Adam Levy notified Tumi Holdings, Inc. of his resignation as President, Retail of the company, and any and all positions held by him at the company's subsidiaries, effective September 3, 2015.

Tumi Holdings to Open 20 to 22 New Stores for 2015

Tumi Holdings, Inc. is expecting to open between 20 to 22 new stores for 2015.

Tumi Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Provides Earnings Guidance for the Year 2015

Tumi Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company's net sales were $138,520,000 against $124,582,000 a year ago. Operating income was $25,280,000 against $19,856,000 a year ago. Income before income taxes was $25,721,000 against $19,702,000 a year ago. Net income was $16,719,000 against $12,219,000 a year ago. Basic and diluted earnings per common share were $0.25 against $0.18 a year ago. For the quarter, the company's net sales were $248,981,000 against $233,184,000 a year ago. Operating income was $34,843,000 against $33,237,000 a year ago. Income before income taxes was $35,527,000 against $32,726,000 a year ago. Net income was $23,093,000 against $20,372,000 a year ago. Basic and diluted earnings per common share were $0.34 against $0.30 a year ago. For fiscal 2015, the company continues to expect net sales to increase between 6% and 9%, and diluted earnings per share to be between $0.90 and $0.95. This assumes a foreign currency impact on net sales of approximately $13 million, and on diluted earnings per share of approximately $0.05, assuming prevailing exchange rates. In the event that foreign currency exchange rates fluctuate from prevailing levels, these estimates of currency impacts could be favorably or unfavorably impacted. The diluted earnings per share guidance also includes expenses incurred and realized in the first quarter of 2015 due to the cost reduction program of approximately $0.02. The Company continues to expect the cost reduction program to result in annualized savings in operating expenses of approximately $3.5 million. These estimates assume total comparable store sales growth in the low to mid-single digits, diluted weighted-average common shares outstanding of approximately 67.9 million, and an effective tax rate of 35.0%. Capital expenditures in fiscal 2015 are expected to be in the range of $35.0 million to $40.0 million.

Tumi Holdings, Inc. to Report Q2, 2015 Results on Aug 05, 2015

Tumi Holdings, Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 05, 2015

Tumi Holdings, Inc., Q2 2015 Earnings Call, Aug 05, 2015

Tumi Holdings, Inc., Q2 2015 Earnings Call, Aug 05, 2015

 

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Industry Analysis

TUMI

Industry Average

Valuation TUMI Industry Range
Price/Earnings 22.1x
Price/Sales 2.5x
Price/Book 3.0x
Price/Cash Flow 22.1x
TEV/Sales 2.3x
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