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More on True Religion's Q4: International sales were flat Y/Y, a drastic change from Q3's 30%...

More on True Religion's Q4: International sales were flat Y/Y, a drastic change from Q3's 30% increase. U.S. wholesale revenue fell 20% Y/Y, slightly worse than Q3's 18% drop. Gross margin fell 70 bps Q/Q to 64.1%. True Religion is guiding for 2012 sales of $450M-$460M and EPS of $1.88-$1.95, below a consensus of $494.4M and $2.37. TRLG -21.6% AH. (PR)
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