(Filed Under wholesale Lingerie News). Tefron earned $11,850,000 on sales of $197,834,000 in the nine months ended September 30, 2021, compared to net income of $2,474,000 on sales of $125,008,000 in the same period last year.
As part of its reporting, the company provided details on its two “operating segments.” The Brands segment “engages in the design, development, production and marketing of seamless intimate apparel and activewear and leisurewear, which are manufactured in the company’s plants and through subcontractors and are sold to customers with leading brands.” In the nine months ended September 30, the Brands segment provided revenues of $53,492,000 and “results” of $4,448,000 after certain costs.
The Retail segment “engages in the design, development, production and marketing of seamless intimate apparel and activewear and leisurewear which are sold worldwide to customers in the retail market and are characterized by purchasing large quantities of less complex products compared to the products of the brands segment.” This segment provided revenues of $144,342,000 in the nine months, with “results” of $11,142,000. — NM
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