"Due to this better than expected performance, we are raising our outlook for fiscal 2006. We remain focused on satisfying our customers."
For the nine months ended October 28, 2006: Revenues increased 18 percent to $785.4 million. Store sales (Retail and Factory) increased 21 percent to $566.7 million, with comparable store sales increasing 16 percent.
Comparable store sales rose 16 percent in the first nine months of 2005. Direct sales (Internet and Catalog) increased 12 percent to $195.4 million.
Operating income increased 36 percent to $88.3 million, compared to $65.1 million in the first nine months of fiscal 2005.
Net income applicable to common stockholders was $27.7 million, or $0.62 per diluted share, compared to a loss of $(0.4) million, or $(0.02) per diluted share in the first nine months of fiscal 2005.
Net income for the first nine months of fiscal 2006 includes pre-tax charges of $10.0 million related to the refinancing of debt and $1.5 million of stock option expense related to the adoption of SFAS 123(R), which was not applicable in fiscal 2005.
Adjusted net income for the first nine months of fiscal 2006 totaled $44.7 million, or $0.70 per diluted share.
marketing@alchempro.com
