Warnaco to Webcast Investor Meeting
27 March 2008 - 8:49AM
Business Wire
The Warnaco Group, Inc. (NASDAQ: WRNC) today announced that it will
host a conference for financial analysts and investors on
Wednesday, April 2,�2008, beginning at 9:00�am EDT. The meeting,
which will be broadcast live over the internet and can be accessed
at www.warnaco.com, will include presentations by Warnaco�s
management, including Joe Gromek, President and Chief Executive
Officer and other members of the executive team. Investors and
other interested parties may access the live webcast of the meeting
from the investor relations page of Warnaco�s website at
www.warnaco.com. For those parties unable to participate, a replay
of the webcast will be available approximately two hours after the
meeting concludes and can be accessed through the investor
relations page of Warnaco�s website. ABOUT WARNACO The Warnaco
Group, Inc., headquartered in New York, is a leading apparel
company engaged in the business of designing, sourcing, marketing
and selling intimate apparel, menswear, jeanswear, swimwear, men's
and women's sportswear and accessories under such owned and
licensed brands as Warner's�, Olga�, Body Nancy Ganz�, and Speedo�,
as well as Chaps� sportswear and denim, and Calvin Klein� men's and
women's underwear, men�s and women�s bridge apparel and
accessories, men's and women's jeans and jeans accessories, junior
women's and children's jeans and men�s and women's swimwear.
FORWARD-LOOKING STATEMENTS The Warnaco Group, Inc. notes that the
presentation scheduled for April 2, 2008 and certain other written,
electronic and oral disclosure made by the Company from time to
time, may contain forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The forward-looking statements involve risks
and uncertainties and reflect, when made, the Company's estimates,
objectives, projections, forecasts, plans, strategies, beliefs,
intentions, opportunities and expectations. Actual results may
differ materially from anticipated results or expectations and
investors are cautioned not to place undue reliance on any
forward-looking statements. Statements other than statements of
historical fact are forward-looking statements. These
forward-looking statements may be identified by, among other
things, the use of forward-looking language, such as the words
"believe," "anticipate," "estimate," "expect," "intend," "may,"
"project," "scheduled to," "seek," "should," "will be," "will
continue," "will likely result," or the negative of those terms, or
other similar words and phrases or by discussions of intentions or
strategies. The following factors, among others and in addition to
those described in the Company's reports filed with the SEC
(including, without limitation, those described under the headings
"Risk Factors" and "Statement Regarding Forward-Looking
Disclosure," as such disclosure may be modified or supplemented
from time to time), could cause the Company's actual results to
differ materially from those expressed in any forward-looking
statements made by it: the Company's ability to execute its
repositioning and sale initiatives (including achieving enhanced
productivity and profitability) announced on September 18, 2007;
economic conditions that affect the apparel industry; the Company's
failure to anticipate, identify or promptly react to changing
trends, styles, or brand preferences; further declines in prices in
the apparel industry; declining sales resulting from increased
competition in the Company�s markets; increases in the prices of
raw materials; events which result in difficulty in procuring or
producing the Company's products on a cost-effective basis; the
effect of laws and regulations, including those relating to labor,
workplace and the environment; changing international trade
regulation, including as it relates to the imposition or
elimination of quotas on imports of textiles and apparel; the
Company�s ability to protect its intellectual property or the costs
incurred by the Company related thereto; the risk of product safety
issues, defects or other production problems associated with our
products; the Company�s dependence on a limited number of
customers; the effects of consolidation in the retail sector; the
Company�s dependence on license agreements with third parties; the
Company�s dependence on the reputation of its brand names,
including, in particular, Calvin Klein; the Company�s exposure to
conditions in overseas markets in connection with the Company�s
foreign operations and the sourcing of products from foreign
third-party vendors; the Company's foreign currency exposure; the
Company�s history of insufficient disclosure controls and
procedures and internal controls and restated financial statements;
unanticipated future internal control deficiencies or weaknesses or
ineffective disclosure controls and procedures; the effects of
fluctuations in the value of investments of the Company�s pension
plan; the sufficiency of cash to fund operations, including capital
expenditures; the Company's ability to service its indebtedness,
the effect of changes in interest rates on the Company's
indebtedness that is subject to floating interest rates and the
limitations imposed on the Company's operating and financial
flexibility by the agreements governing the Company's indebtedness;
the Company�s dependence on its senior management team and other
key personnel; the Company�s reliance on information technology;
the limitations on purchases under the Company's share repurchase
program contained in the Company's debt instruments, the number of
shares that the Company purchases under such program and the prices
paid for such shares; the Company�s inability to achieve its
strategic objectives, including gross margin, SG&A and
operating profit goals, as a result of one or more of the factors
described above or otherwise; the failure of acquired businesses to
generate expected levels of revenues; the failure of the Company to
successfully integrate such businesses with its existing businesses
(and as a result, not achieving all or a substantial portion of the
anticipated benefits of such acquisitions); and such acquired
businesses being adversely affected, including by one or more of
the factors described above and thereby failing to achieve
anticipated revenues and earnings growth. The Company encourages
investors to read the section entitled "Risk Factors" and the
discussion of the Company's critical accounting policies under
"Management's Discussion and Analysis of Financial Condition and
Results of Operations -- Discussion of Critical Accounting
Policies" included in the Company's Annual Report on Form 10-K, as
such discussions may be modified or supplemented by subsequent
reports that the Company files with the SEC. The discussion in this
press release is not exhaustive but is designed to highlight
important factors that may affect actual results. Forward-looking
statements speak only as of the date on which they are made, and,
except for the Company's ongoing obligation under the U.S. federal
securities laws, the Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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