Seasonally, apparel manufacturers' 4th Q sales are below 3rdQ. There are only two good shipping months, Oct and Nov.in the 4thQ. Retailers usually only accept a few reorders in Dec. That being said, this company is enjoying the kind of percentage growth that could defy the above logic.
You may see slightly "disappointing" sales for the 4th Q. Forward POSITIVE guidance has a MUCH more lasting effect on a stocks' price than a positive "last" Q report that is already 2 1/2 months old.
Any CFO worth his paycheck should be creative enough to put some of the 4th Q momentum into 1st Q, 2006. For instance, when a company is doing POORLY, they might invoice a lot of shipments the last week in Dec that the re- tailers requested for Jan delivery and hold the merchandise until Jan 2nd.
Conversely, as should be the case with TRLG, they might (and should) do the reverse. The last 10 shipping days in Dec would be "invoiced" Jan 2nd. Thus hitting the ground running for 2006. If that manuever increased guidance by one cent extra, think what that would translate into the price of the stock. All of the above happens all the time and is above board. A manufacturer has the discretion of when to ship as long as it is within the parameters of the purchase order dates.
Q4 higher all the time for all the retailers because of christmas. Per Brean murray analyst even if the q4-05 would not be higher than .22 TRLG would higher guidance for year 2006. Excellent entry point per Brean Murray 3/8/06.