Tumi Holdings Inc (TUMI) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.10. The company posted revenue of $118.30 million in the period, compared to analysts expectations of $114.37 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Tumi Holdings Inc. Tumi Holdings Inc was Downgraded by Jefferies to ” Hold” on Mar 4, 2016.
Tumi Holdings Inc closed down -0.06 points or -0.22% at $26.68 with 10,85,835 shares getting traded on Wednesday. Post opening the session at $26.74, the shares hit an intraday low of $26.68 and an intraday high of $26.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 16, 2016, Steven M Hurwitz (SVP – Prod Dvlp/Mfg/Sourcing) sold 9,000 shares at $26.99 per share price.
Tumi Holdings Inc. (Tumi) offers a line of travel and business products and accessories in multiple categories. The Company operates in four segments including: Direct-to-Consumer North America Indirect-to-Consumer North America Direct-to-Consumer International and Indirect-to-Consumer International. Tumi designs its products for and markets its products to professionals travelers and individuals. It distributes its products globally in over 75 countries through approximately 1800 points of distribution. It uses retail wholesale and electronic commerce channels. Tumi’s retail stores are located throughout the world including New York Beverly Hills San Francisco Chicago Paris London Rome Tokyo Munich Moscow Hong Kong Shanghai Beijing Milan and Barcelona. Its production is sourced globally through a network of suppliers based in Asia Italy and the Caribbean.