While France, Germany and the United Kingdom recorded two-digit growth, Italy and Spain failed to match this level.
So fiscal 2012 looks like a year of low-single digit growth, compared to the mid-teens growth rates True Religion logged in the last two years and the much stronger rates it achieved before 2010.
The company has already achieved double-digit profit growth in its first two quarters this year.
The company has reported double-digit profit growth every quarter for two and a half years now, and it just raised guidance for full-year earnings because it expects profit margins to widen further.
Earnings grew at a triple-digit rate in the past two quarters, and sales growth accelerated.
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Revenue will be an important benchmark for DryShips, as the company has posted double-digit percentage sales growth during the prior two quarters.
Earnings grew at a triple-digit rate in each of the past two quarters, on sales growth of 47% and 42%.
This makes its double digit top-line growth registered in the last two quarters of 2011 achievable in the third quarter as well.
The company is maintaining its double-digit growth forecast for the full year 2012, and in the first two quarters it achieved 10% and 12% y-o-y growth, respectively.
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We're talking about one or two years of 4% real growth -- which is acceptable after a decade of uncontrolled double-digit growth.
Give or take one or two basis points, this is now the 50th consecutive month of double digit year-over-year rates of growth in TMS2.
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