The Cash Flow In The First Three Quarters Of Smith Barney Clothing Increased By 2 Billion Over The Same Period Last Year, 648%

Facing the increasing competition pressure of garment industry, cash is king's choice.

　　 American Apparel The three quarterly report released today shows that the company's operating income in the first three quarters was 7 billion 194 million yuan, an increase of 5.91% over the same period last year, but its net profit was 752 million yuan, with an increase of less than 1%. Among them, the total income in the third quarter was 2 billion 594 million yuan, and net profit was 320 million yuan, all down 13.4% compared with the same period last year.

In this regard, Smith Barney dress frankly, affected by the macroeconomic downturn, clothing demand growth this year is slow, the company joined and Direct channel Sales pressure gradually increased, and overall growth showed a downward trend. The company believes that the industry is still not optimistic in the short term, so the cash flow, inventory and scale of production have been controlled, operating cash flow has reached 2 billion, and borrowing has also declined significantly.

It is noteworthy that the operating net cash flow in the first 9 months of the US apparel market reached 2 billion yuan, an increase of 648% over the same period last year. In response, a company official told reporters that management has predicted the market environment this year and has adjusted the year in the two quarter. business strategy 。 This year, the production scale of the company has been greatly controlled. It has played a good role in controlling the outflow of cash. At the same time, the company has intensified its efforts to clean up the inventory and recovered the occupied liquidity. The company believes that cash is a good choice for the current market environment. The cash flow in the first three quarters of the United States apparel market increased by 648% over the same period last year, 2 billion.