R.G. Barry Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net sales of $25,803,000 compared to $25,114,000 a year ago. Operating profit was $2,279,000 compared to $1,338,000 a year ago. Earnings, before income taxes was $2,505,000 compared to $1,398,000 a year ago. Net earnings were $1,541,000 or $0.13 per diluted share compared to $834,000 or $0.07 per diluted share a year ago. For the nine months period, the company reported net sales of $121,540,000 compared to $130,943,000 a year ago. Operating profit was $20,830,000 compared to $23,292,000 a year ago. Earnings, before income taxes was $21,168,000 compared to $23,084,000 a year ago. Net earnings were $12,975,000 or $1.13 per diluted share compared to $14,075,000 or $1.24 per diluted share a year ago. Nine-month cash from operating activities totaled $11 million, primarily reflecting the year-to-date profitability, timing related to inventories and accounts receivable, and lower level of accrued expenses. The company currently expects full-year consolidated net sales to be in the range of approximately $10 million to $12 million below last year’s record of $156 million. The company expects consolidated gross profit as a percentage of net sales for the full year to run in the mid 40s and consolidated operating margins to remain relatively consistent in the low to mid-teens. The company expects depreciation and amortization to be approximately $2.8 million for the full year. The company expects blended tax rate for 2013 to be approximately 39%.

R.G. Barry Corporation (NasdaqGS:DFZ) is looking to expand through organic and acquisition growth. Jose Ibarra, Senior Vice President Finance and Chief Financial Officer, of R.G. Barry Corporation said, "We have clean and current inventories, a healthy cash position and the strategies necessary to continue expanding our footprint through organic and acquisition growth." Greg Tunney, President and Chief Executive Officer of R.G. Barry Corporation added, "We are focused on the strategies that will drive long-term, profitable growth. We are investing in our platforms and our people. We are expanding into new and underserved markets. And, we are seeking out and acquiring successful accessories brands that can help propel us to the next level. We are quite confident that we can achieve our growth and profitability targets for the businesses,”

The Board of Directors of R.G. Barry Corporation has declared a cash dividend of $0.09 per share, payable on June 4, 2013 to all common stockholders of record on May 20, 2013.