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Danier Leather Inc.

10:00 AM EST - Danier Leather Inc. : announced its consolidated financial results for the fiscal year ended June 30, 2012. Total sales for fiscal 2012 decreased by 6% to $148.2 million compared with $157.6 million last year. Comparable store sales for fiscal 2012 decreased by 6%, as compared to the corresponding quarter last year. For the fiscal year ended June 30, 2012, net earnings were $4.0 million ($0.83 per diluted share) compared with net earnings of $7.6 million ($1.55 per diluted share) for the fiscal year ended June 25, 2011. Danier Leather Inc.
shares T.DL are trading down $0.50 at $10.75.