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Last C$3.49 CAD
Change Today -0.11 / -3.06%
Volume 230.0
DL On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

danier leather inc (DL) Snapshot

Open
C$3.49
Previous Close
C$3.60
Day High
C$3.49
Day Low
C$3.49
52 Week High
07/28/14 - C$9.69
52 Week Low
02/11/15 - C$2.97
Market Cap
13.5M
Average Volume 10 Days
366.2
EPS TTM
C$-2.95
Shares Outstanding
2.6M
EX-Date
08/21/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DANIER LEATHER INC (DL)

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danier leather inc (DL) Details

Danier Leather Inc. designs, manufactures, and retails fashion leather and suede apparel and accessories for women and men in Canada. The company offers outerwear and sportswear products, including jackets, skirts, shirts, pants, sweat shirts, dresses, leggings, tops, minis, joggers, tanks, T-shirts, sweaters, blouses, blazers, and tunics, as well as provides applicator clothes, and leather cleaning wipes and rejuvenators. It also offers leather accessories, such as handbags, wallets, gloves, scarves, belts, briefcases, laptop cases, and other travel and business accessories under the Danier brand. As of August 14, 2014, it operated 90 shopping mall, street-front, and outlet stores under the Danier brand, as well as danier.com online store. The company was formerly known as Royal Leather Goods Limited. Danier Leather Inc. was founded in 1972 and is headquartered in Toronto, Canada.

1,193 Employees
Last Reported Date: 09/5/14
Founded in 1972

danier leather inc (DL) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$526.6K
Chief Financial Officer, Executive Vice-Presi...
Total Annual Compensation: C$279.7K
Executive Vice-President of Retail Operations
Total Annual Compensation: C$265.9K
Executive Vice President of Merchandising, So...
Total Annual Compensation: C$212.3K
Compensation as of Fiscal Year 2014.

danier leather inc (DL) Key Developments

Danier Leather Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 28, 2015; Announces Impairment Loss on Property and Equipment for the Third Quarter Ended March 31, 2015

Danier Leather Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 28, 2015. For the quarter, the company announced revenue of CAD 26,295,000 compared to CAD 31,011,000 for the same period a year ago. Loss before income taxes was CAD 5,476,000 compared to CAD 5,711,000 for the same period a year ago. Net loss and comprehensive loss was CAD 4,136,000 compared to CAD 4,286,000 for the same period a year ago. Net loss per share, basic and diluted was CAD 1.07 compared to CAD 1.12 for the same period a year ago. Net cash used in operating activities was CAD 7,536,000 compared to CAD 7,520,000 for the same period a year ago. Acquisition of property and equipment was CAD 146,000 compared to CAD 215,000 for the same period a year ago. Acquisition of computer software was CAD 54,000 compared to CAD 116,000 for the same period a year ago. LBITDA was CAD 4,651,000 compared to CAD 4,694,000 for the same period a year ago. Adjusted LBITDA was CAD 4,406,000 compared to CAD 4,225,000 for the same period a year ago. The decrease in net loss was mainly due to reduced SG&A. For the nine months, the company announced revenue of CAD 102,577,000 compared to CAD 117,221,000 for the same period a year ago. Loss before income taxes was CAD 8,701,000 compared to CAD 1,397,000 for the same period a year ago. Net loss and comprehensive loss was CAD 6,578,000 compared to CAD 983,000 for the same period a year ago. Net loss per share, basic and diluted was CAD 1.71 compared to CAD 0.26 for the same period a year ago. Net cash used in operating activities was CAD 9,920,000 compared to CAD 4,413,000 for the same period a year ago. Acquisition of property and equipment was CAD 2,699,000 compared to CAD 3,840,000 for the same period a year ago. Acquisition of computer software was CAD 306,000 compared to CAD 1,048,000 for the same period a year ago. LBITDA was CAD 6,186,000 compared to EBITDA of CAD 1,587,000 for the same period a year ago. Adjusted LBITDA was CAD 6,415,000 compared to adjusted EBITDA of CAD 2,254,000 for the same period a year ago. Year-to-date decrease in revenue mainly relates to the Fall and Winter merchandise assortment which lacked sufficient quantities of longer length winter-weight leather and non-leather jackets. The increase in net loss was mainly due to reduced sales and gross profit dollars. For the third quarter ended March 31, 2015, the company announced impairment loss on property and equipment of CAD 516,000 compared to CAD 153,000 for the same period a year ago.

Danier Leather's Strategic Review Process Is Currently Ongoing

Danier Leather Inc. (TSX:DL) said, "The strategic review process is currently ongoing, and in connection therewith, the Company and its financial advisor, Consensus Advisory Services, LLC, have held various discussions with potentially interested parties and the Company has entered into confidentiality agreements with a number of these parties in relation to a variety of possible strategic alternatives. There can be no assurance that this process will result in any definitive agreement or, if a definitive agreement is entered into, that a potential transaction will ultimately be consummated. The Company is also exploring alternatives that may be available to refinance its existing credit facilities in order to increase liquidity and extend the maturity of available credit under its operating and term credit facilities, which are currently committed until June 2016, subject to compliance with the terms thereof. There can be no assurance as to whether the Company will be successful in refinancing its existing credit facilities or, if it does, that the terms of any alternative financing will be favourable to the Company.”

Danier Leather Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended Dec. 27, 2014; Reports Impairment Charges for the Second Quarter Ended Dec. 27, 2014

Danier Leather Inc. reported unaudited consolidated earnings results for the second quarter and year to date ended Dec. 27, 2014. Sales in the second quarter of fiscal 2015 decreased by 10% to CAD 55.7 million compared with CAD 62 million in the second quarter last year. Over the same period, comparable store sales decreased by 13% to CAD 52,527,000 from CAD 60,371,000 a year ago. Net earnings during the second quarter of fiscal 2015 decreased by approximately CAD 3.4 million to CAD 3.5 million or CAD 0.89 per diluted share compared with CAD 6.9 million or CAD 1.73 per diluted share during the second quarter last year. Adjusted EBITDA was CAD 5,060,000 compared to CAD 9,996,000 a year ago. Earnings before income taxes were CAD 4,235,000 compared to CAD 9,326,000 a year ago. Net cash generated from operating activities was CAD 12,284,000 compared to CAD 16,559,000 a year ago. Acquisition of property and equipment was CAD 1,598,000 compared to CAD 1,034,000 a year ago. Acquisition of computer software was CAD 164,000 compared to CAD 484,000 a year ago. For the year to date, the company has a net loss of CAD 2.4 million or 63 cents per share, compared with net earnings of CAD 3.3 million or 84 cents in the first six months of the previous year. Year-to-date sales have decreased by 12%, or CAD 9.9 million, to CAD 76.3 million, compared to CAD 86.2 million a year ago. Comparable store sales have decreased by 14% to CAD 71,454,000 from CAD 83,365,000 a year ago. Adjusted LBITDA was CAD 2,009,000 compared to adjusted EBITDA of CAD 6,479,000 a year ago. Loss before income taxes was CAD 3,225,000 compared to earnings of CAD 4,314,000 a year ago. Net cash used in operating activities was CAD 2,384,000 compared to net cash generated from operating activities of CAD 3,107,000 a year ago. Acquisition of property and equipment was CAD 2,553,000 compared to CAD 3,625,000 a year ago. Acquisition of computer software was CAD 252,000 compared to CAD 932,000 a year ago. For the second quarter, impairment loss on property and equipment was CAD 402,000.

 

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