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prada saffiano lux open tote financial condition of the company to differ are discussed in the documents filed by the company with the SEC. The company undertakes no duty to update any forward looking statements.In addition, during the call, we will refer to adjusted EBITDA, which is a non GAAP number. We have provided a reconciliation of adjusted EBITDA to our net income according to GAAP in our press release and on our website.I will now turn the call over to our Chairman and Chief Executive Officer, Morris Goldfarb.Good afternoon, and thank you for joining us to discuss our first quarter. With me today are Sammy Aaron, our Vice Chairman; Wayne Miller, our Chief Operating Officer; Neal Nackman, our Chief Financial Officer; and Jeff Goldfarb, our Director of Business Development.We had a very good first quarter. We shipped well, sold through well, built our order book and pushed forward on our growth initiatives. As a result, we remain confident in our plan, both operational and financial, for the full year.Here are the financial highlights from the first quarter. We grew sales by 19% to $273 million compared to last year's $229 million. A substantial majority of this growth was organic, highlighted by increased sales of Calvin Klein Better Sportswear, Performance wear, Women's Suits, handbags and Kensie sportswear, as well as a double digit increase in comparable store sales by Wilsons.A portion of our growth in net sales resulted from the inclusion of sales by Vilebrequin, which was acquired last August. We continue to be very excited about the prospects of Vilebrequin, which I will discuss in a few moments.Operating profit increased to $3.4 million from $23,000 last year. Our gross margins were healthy. We saw gross margin improvements in our non outerwear wholesale businesses and our Wilsons' retail operations. Our expenses were in line with our plan. And in general, we've continued to be mindful to control spending in some areas, while making the investments necessary to support growth in others.Our per share net income per diluted share for the first quarter was $0.05 compared to a net loss per share of $0.04 in the same quarter of last year.This is a good performance for the first quarter. This