Textiles, Apparel and Luxury Goods
Company Overview of Tumi Holdings, Inc.
Tumi Holdings, Inc. designs, produces, and markets a range of travel and business products, and accessories. The company provides wheeled travel products and soft styles without wheels comprising satchels, garment bags, boarding totes, and cross-body bags; and business cases, including wheeled business cases, backpacks, messenger bags, day bags, and totes. It also offers accessories comprising wallets and card cases, as well as agendas and planners, passport cases, mobile covers, umbrellas, and travel accessories, such as electric current adapters, key fobs, packing accessories, toiletry kits, and foldable travel totes; and belts, outerwear, sunglasses, and eyewear. The company sells its pro...
1001 Durham Avenue
South Plainfield, NJ 07080
Founded in 1975
Key Executives for Tumi Holdings, Inc.
Chief Executive Officer
Total Annual Compensation: $868.8K
Chief Financial Officer
Total Annual Compensation: $450.0K
President of Retail
Total Annual Compensation: $407.5K
Senior Vice President of Product Development
Total Annual Compensation: $427.5K
Chief Merchandising Officer of Brand Management
Total Annual Compensation: $406.0K
Compensation as of Fiscal Year 2013.
Tumi Holdings, Inc. Key Developments
Tumi Holdings, Inc. Presents at Goldman Sachs 21(st) Annual Global Retailing Conference, Sep-03-2014 02:25 PM
Aug 27 14
Tumi Holdings, Inc. Presents at Goldman Sachs 21(st) Annual Global Retailing Conference, Sep-03-2014 02:25 PM. Venue: The Plaza Hotel, New York, New York, United States. Speakers: Jerome Squire Griffith, Chief Executive Officer, President and Director, Michael J. Mardy, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Director.
Tumi Holdings, Inc. to Open 20 to 25 New Stores in 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014
Aug 7 14
Tumi Holdings, Inc. is increasing its store openings estimate and now expects to open 20 to 25 new stores in 2014, with the store opening cadence to be heavily weighted toward the back end of the year.
The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $124.582 million, operating income of $19.856 million, income before income taxes of $19.702 million, net income of $12.219 million or $0.18 per basic and diluted share compared to the net sales of $108.189 million, operating income of $17.858 million, income before income taxes of $17.719 million, net income of $11.194 million or $0.16 per basic and diluted share for the same quarter year ago. Increased sales led by double-digit growth in each of their segments, with particular strength at Direct-to-Consumer businesses.
For the six months period, the company reported net sales of $233.184 million, operating income of $33.237 million, income before income taxes of $32.726 million, net income of $20.372 million or $0.30 per basic and diluted share compared to the net sales of $211.114 million, operating income of $35.472 million, income before income taxes of $34.711 million, net income of $21.729 million or $0.32 per basic and diluted share for the same period year ago.
For the year 2014, the company continues to expect net sales to increase between 12% and 15% over the prior year period. This estimate assumes total comparable store sales growth in the mid-single digits. The company continues to expect diluted EPS for 2014 to be between $0.88 to $0.92. This estimate assumes diluted weighted average common shares outstanding of approximately 68.1 million, and a revised weighted GAAP tax rate of 38.0%. Capital expenditures for fiscal 2014 are expected to be in the range of $40 million to $45 million.
Tumi Holdings, Inc. to Report Q2, 2014 Results on Aug 07, 2014
Jul 24 14
Tumi Holdings, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014
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