Vans Financial Chief Resigns
The company also says it believes it will reach the high end of its first-quarter earnings guidance.
The company also says it believes it will reach the high end of its first-quarter earnings guidance.
Vans
(VANS)
said Chief Financial Officer Andrew J. Greenebaum has decided to resign from his position for personal reasons, effective Aug. 30.
The maker of shoes and clothing named Scott J. Blechman the new financial chief. Blechman has served as vice president of finance at Vans since July 2001 and controller since September 2002.
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Vans also said first-quarter same-store sales are rising at a pace of about 13%, and the company is now comfortable it will reach the high end of its earnings guidance of 55 cents to 58 cents a share for its core operations.
On average, analysts polled by Thomson First Call expect Vans to earn 57 cents a share in the first quarter.
Shares of Vans closed
Nasdaq
trading at $8.95, down 8 cents on the day.
