SOURCE: Jaclyn, Inc.

November 12, 2009 13:12 ET

Jaclyn Reports First Quarter Financial Results

MAYWOOD, NJ--(Marketwire - November 12, 2009) - Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the first quarter ended September 30, 2009.

Net sales for the three-month period ended September 30, 2009 were $39,571,000 compared to $31,370,000 a year earlier. The Company reported first quarter net earnings of $339,000, or $.15 per diluted share, compared to a net loss of $495,000, or $.21 per diluted share, in last year's comparable quarter.

Note: This press release contains information concerning, among other things, our future plans and objectives that are or may be deemed to be forward-looking statements. However, forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, general economic and business conditions (including the ongoing financial downturn and disruptions in credit markets); competition; potential changes in customer spending; acceptance of our product offerings and designs; the variability of consumer spending resulting from changes in domestic economic activity; a highly promotional retail environment; any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates as well as other significant accounting estimates made in the preparation of our financial statements; and the impact of current and potential hostilities in the Middle East and in other geographic areas; as well as other geopolitical concerns. You are urged to consider all such factors. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. We assume no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's sleepwear, infants' and children's apparel, handbags, premium incentives and related accessories. Website: jaclyninc.com

                      JACLYN, INC. AND SUBSIDIARIES

        CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

                                                       First Quarter
                                                    Ended September 30,
                                                --------------------------
                                                    2009          2008
                                                ------------- ------------

Net Sales                                       $  39,571,000 $ 31,370,000

Net Earnings (Loss)                             $     339,000 $   (495,000)

Net Earnings (Loss) per Common Share - Basic    $         .15 $      ( .22)

Net Earnings (Loss) per Common Share - Diluted  $         .15 $      ( .21)

Weighted Average Number of Shares
 Outstanding - Diluted                              2,265,000    2,319,000

Contact Information

  • Company Contact:
    Anthony Christon
    Chief Financial Officer
    Jaclyn, Inc.
    (201) 909-6000