The Jones Group Inc. Reports Q4 EPS of $.04 vs. $.03

The Jones Group Inc. JNY today reported results for the fourth quarter and year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $874 million, as compared with $777 million for the fourth quarter of 2009. Revenues for the full year 2010 were $3,643 million, as compared with $3,327 million for the full year 2009. The fourth quarter increase in revenues of 12.5% was as anticipated and reflective of increases in each business segment and the inclusion of the Stuart Weitzman business, which was acquired in June 2010. The Company reported adjusted earnings per share ("EPS") of $0.04 for the fourth quarter of 2010, as compared with adjusted earnings per share of $0.11 for the same period last year. Adjusted earnings per share from continuing operations on a full year basis were $1.51 in 2010 as compared with $1.14 per share in the prior year.