Danier Leather says ice storms, power outages drove down Q2 sales, profit

TORONTO – Danier Leather Inc. says bad weather and power failures in Eastern Canada have had a chilling effect on its sales and profit.

The Toronto-based leathergoods retailer and manufacturer had $62 million of sales in the quarter ended Dec. 28.

That’s down from $66.1 million in sales a year earlier, while comparable-store sales dropped seven per cent.

Danier says outerwear products, which include its leather coats, had the biggest sales decline.

Its net income fell 18 per cent to $6.7 million from $8.4 million and its earnings per diluted share dropped to $1.73 from $1.86.

Danier (TSX:DL) says customer traffic was down during the quarter due to ice storms and related power failures.

2 comments on “Danier Leather says ice storms, power outages drove down Q2 sales, profit

  1. I totally dig this idea, but . . . who writes the first letters you guys or us? (above says, you guys, nevertheless the email I got just said we write them.) What is the subject matter? Can we write about anything? I can imagine this is really a lot cheaper than therapy or medication for some individuals. Can we include footage of our cats? How about recipes for vegan cupcakes? There is really a chance I may well have interesting things to write about. What is the statistical probability that the reader will care? Terrific idea! You are all amazing. Please advise.

    http://www.uRo0foVlpGuRo0foVlpG.com/uRo0foVlpGuRo0foVlpG