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TRLG > SEC Filings for TRLG > Form 8-K on 9-Jul-2013All Recent SEC Filings

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Form 8-K for TRUE RELIGION APPAREL INC


9-Jul-2013

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure

Beginning July 9, 2013, management of True Religion Apparel, Inc. will use the information below in conversations and meetings with potential lenders:

Preliminary Second Quarter 2013 Net Sales

- Net sales for the second quarter 2013 increased 11.1% to $116.6 million as compared to $104.9 million for the second quarter 2012

- U.S. Consumer Direct net sales increased 11.0% for the second quarter 2013, as compared to the second quarter 2012; same-store sales decreased 1.2%

- U.S. Wholesale net sales for the second quarter 2013 increased 9.4%, as compared to the second quarter 2012, to $24.5 million

- International net sales for the second quarter 2013 increased 15.6%, as compared to the second quarter 2012, to $20.5 million

- Net sales for 2013 year to date increased 12.1% to $237.3 million as compared to $211.7 million for the same period in 2012

- U.S. Consumer Direct net sales year to date increased by 11.5%, as compared to the six months ended June 30, 2012; same-store sales decreased 0.2%

- U.S. Wholesale net sales year to date increased 14.1%, as compared to the six months ended June 30, 2012, to $50.1 million

- International net sales year to date increased 13.5%, as compared to the six months ended June 30, 2012, to $41.8 million

Q2 2013 Net Sales Results by Segment

(Dollar amounts in thousands)

(unaudited)



                          Three Months Ended June 30,           Six Months Ended June 30,
                                                   %                                    %
                                               Increase/                            Increase/
Net sales:               2013        2012      (Decrease)     2013        2012      (Decrease)
U.S. Consumer Direct   $  71,415   $  64,362        11.0%   $ 144,761   $ 129,819        11.5%
U.S. Wholesale            24,526      22,416         9.4%      50,061      43,861        14.1%
International             20,486      17,724        15.6%      41,832      36,856        13.5%
Core Services                136         407      (66.6)%         704       1,158      (39.2)%
Total net sales        $ 116,563   $ 104,909        11.1%   $ 237,358   $ 211,694        12.1%

Store Openings

During the second quarter of 2013, True Religion Apparel opened eight stores in the U.S., one store in Canada, and one store in Hong Kong. As of June 30, 2013, the Company operated 130 stores in the U.S. and 33 international stores. (For additional details on stores opened during the quarter, please refer to the June 30, 2013 Retail Store Summary below.)


True Religion Apparel, Inc. - Retail Store Summary

As of June 30, 2013



                                        As of        Opened during   Closed during       As of
Store Count                         March 31, 2013      Q2 2013         Q2 2013      June 30, 2013
US Stores
Regular Price                             85               6               1              90
Outlet                                    39               2               1              40
US Store Total                           124               8               2              130

International Stores
Regular Price                             21               2               0              23
Outlet                                    10               0               0              10
International Store Total                 31               2               0              33
Total US and International Stores        155              10               2              163


                                        As of                                            As of
Store Count                         June 30, 2012                                    June 30, 2013
US Stores
Regular Price                             83                                              90
Outlet                                    33                                              40
US Store Total                           116                                              130

International Stores
Regular Price                             14                                              23
Outlet                                    9                                               10
International Store Total                 23                                              33
Total US and International Stores        139                                              163

The information contained in this Item 7.01 is furnished and shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.


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