Tumi Sales And Net Profit Both Increase Sharply.

At present, Tumi has 164 retail outlets. In the current fiscal year, it is expected to add 20 to 22 stores, with capital expenditure of about 35 million - 40 million dollars.

From the same period last year's 1.246 US dollars to 128 million 500 thousand US dollars, an increase of 11.2% over the same period last year.

An increase of 37% to $16 million 700 thousand (diluted earnings per share of $0.25) over the same period last year, compared with $12 million 200 thousand last year (diluted earnings per share of $0.18).

Gross profit margin was 59.92%, an increase of more than 200 basis points over the same period.

President and Chief Executive Officer

The second quarter's outstanding performance has benefited from strong demand for global retail business and continued growth momentum in the wholesale sector.

He said: "we will continue to focus on implementing brand development initiatives, including introducing innovative products, deepening global expansion, enhancing brand awareness and so on, attracting more customers from all over the world."

The company expects quarterly net sales to grow by 6 to 9% in the quarterly report, and net profit diluted earnings per share of $0.90 to $0.95, provided that the exchange rate maintains the current favorable level, which will bring about a positive impact of net sales of about US $13 million (diluted earnings per share of US $0.05), but if the exchange rate fluctuates significantly, then this effect has both advantages and disadvantages.