R.G. Barry/Dearfoams Reports Q2 EPS of $.75 vs. $.52

R.G. Barry Corporation DFZ today reported operating results for its fiscal 2011 second quarter and first half. Net sales of $85.9 million versus $85.0 million in the first half one year ago; Net earnings of $8.4 million, or $0.76 per basic and $0.75 per diluted share, versus net earnings of $10.5 million, or $0.97 per basic and $0.96 per diluted share, in the comparable period one year ago; Gross profit as a percent of net sales was 36.6 percent, down from 42.6 percent in the comparable six months of fiscal 2010; Selling, general and administrative expenses of $18.3 million, down $1.3 million versus $19.6 million reported in the comparable period last year.