Comparable department sales up at fine jewelry retailer
03 Nov '06
2 min read
Finlay Enterprises Inc announced that comparable department sales (departments open for the same months during the comparable period) for the third quarter ended October 28, 2006 increased 4.0%. Total sales for the third quarter totaled $148.3 million compared to $183.3 million in the third quarter of fiscal 2005, as a result of the store closings in the first half of 2006. Carlyle contributed sales of $19.0 million in the third quarter as compared to $15.9 million in same period last year.
Comparable department sales for the nine months ended October 28, 2006 increased 2.8% on a go-forward basis, which excludes stores Finlay no longer operates as a result of the Federated/May merger and subsequent integration plans. Comparable department sales for the same period including discontinued stores increased 11.4%.
Total sales for the nine months ended October 28, 2006 increased 1.3% to $576.4 million compared to $568.7 million in the first nine months of 2005. Carlyle, which was acquired in May 2005, contributed sales of $56.5 million for the nine month period this year as compared to $29.8 million covering the period from May 15, 2005 through October 29, 2005.
The Company currently expects to report full financial results for the third quarter on November 16, 2006.
marketing@alchempro.com
