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FGX International Reports Strong Sales and Earnings Growth for the Second Quarter and First Six Months of 2008
Date:7/29/2008

SMITHFIELD, R.I., July 29 /PRNewswire-FirstCall/ -- FGX International (Nasdaq: FGXI), a leading designer and marketer of non-prescription reading glasses, sunglasses and costume jewelry, today announced financial results for its second quarter and six months ended June 28, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071025/NETH104LOGO )

Highlights for the quarter include:

-- Net sales increased 14% to $71.6 million in the current quarter from $62.6 million in the second quarter of 2007.

-- Net income increased 173% to $4.1 million in the current quarter from $1.5 million in the second quarter of 2007.

-- Earnings per diluted share increased to $0.19 in the second quarter of 2008 from $0.10 in the second quarter of 2007, a 91% increase.

-- Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 22% to $13.1 million in the current quarter from $10.7 million in the second quarter of 2007.

2nd 2nd

Net Sales by Segment: Quarter Quarter $ Inc/ % Inc/

($ amounts in thousands) 2008 2007 (Dec) (Dec)

---------------------------------------

Non-prescription Reading Glasses $31,266 $27,562 $3,704 13%

Sunglasses & Prescription Frames $25,675 $19,670 $6,005 31%

Costume Jewelry $4,309 $5,062 $(753) (15)%

International $10,315 $10,320 $(5) --%

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SOURCE FGX International
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