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We anticipate launching the venture early in our new fiscal year
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2023 Q3
15 Mar 23
initial shipments to begin at the end of March
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2023 Q3
15 Mar 23
ramp up production on orders from Timberland and Skechers, which are newer group of brand customers
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2023 Q3
15 Mar 23
So, that part is already ongoing.
So, as soon as we have come to an agreement with Busana, I think we will start getting those new business very soon.
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2023 Q2
17 Nov 22
But at least three or four of their customers have already begun sending us samples and talking about styles and what we can make for them.
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2023 Q2
17 Nov 22
Okay, although they try to postpone some shipment to the next quarter, but they still intend to pay to us before the shipment because the delay is caused by them.
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2023 Q2
17 Nov 22
Okay. But just to be conservative, I think Q4 is going to be better than last year.
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2023 Q2
17 Nov 22
And for the full year, we are really still quite uncertain about what it’s going to look like in Q4. We think it will continue to be weak, but we just don’t know how weak it is going to be.
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2023 Q2
17 Nov 22
So – but the situation, which I’ve spoken with many of the brands and the factories, okay, it doesn’t – it will only reflect the real picture after this Christmas and New Year sale, all of them are saying the same thing.
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2023 Q2
17 Nov 22
The share repurchase program will be in effect through March 31, 2023. To date, approximately 105,000 shares have been repurchased at an average price of approximately $5.20 per share and we will remain active in the market in the months ahead
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2023 Q2
17 Nov 22
For the fiscal 2023 third quarter, revenue is expected to be in the range of $33 million to $35 million compared with $36.8 million last year.
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2023 Q2
17 Nov 22
We will be saving approximately $500,000 in annual rental expense beginning next fiscal year.
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2023 Q2
17 Nov 22
Our first order from Timberland was shipped in late October.
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2023 Q2
17 Nov 22
although initial orders are for products generally lower margins and in relatively small quantities.
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2023 Q2
17 Nov 22
already has begun an initial shipment to both are beginning in the current third quarter.
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2023 Q2
17 Nov 22
Nevertheless, as I mentioned last quarter, we see fiscal 2023 to be both a transitional and opportunistic year for Jerash.
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2023 Q2
17 Nov 22
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