Warnaco Swimwear Q3 revenues fell 12.4% to $35.2 million. The operating
loss was $29.6 million, including $16.6 million of restructuring
expense, compared to an operating loss of $8.6 million in the prior
year period. Speedo revenues declined 16.9% to $27.7 million from $33.4
million.
Speedo wholesale sales reflects a $5.8 million decrease in the U.S.,
partially offset by a $0.2 million increase in Mexico. The decrease in
the U.S. reflects a $6.8 million decrease in sales to membership clubs
and a $1.0 million decrease in sales to specialty stores, partially
offset by a $1.8 million increase in sales to mass merchandisers and a
$0.2 million net increase in other revenues. A $0.6 million
increase in Swimwear retail net revenues reflects an increase in sales
at SpeedoUSA.com .
