Celebrate Express net sales up 25%, fiscal 2005 ended May 31
26 Jul '05
8 min read
Other Highlights - Gross margin for the fourth quarter of fiscal 2005 was $10.1 million, compared with $7.7 million in the fourth quarter of fiscal 2004, an increase of 32 percent.
- Revenue from the Company's websites represented approximately 64 percent of total net sales in the fourth quarter of fiscal 2005, up from 57 percent in the fourth quarter of fiscal 2004.
- In the fourth quarter of fiscal 2005, revenue from the Birthday Express brand grew 30 percent and revenue from the Storybook Heirlooms brand was down 0.5 percent, compared with the fourth quarter of fiscal 2004.
- The Company shipped 851,000 orders during fiscal 2005, an increase of 28 percent from 666,000 orders shipped in fiscal 2004.
- Cash and marketable securities were $30.8 million, and the Company had no bank debt at May 31, 2005.
- The Company added 20 new proprietary party themes to its offering during fiscal 2005, bringing the total proprietary and third party theme offering to 125 at May 31, 2005. Management's expectations for the full fiscal year ending May 31, 2006:
- Net Sales are expected to be between $84 million and $87 million.
- Net income is expected to be in a range of $0.55 to $0.59 per diluted share.
- Weighted average diluted shares outstanding are expected to be approximately 8.1 million.
Conference Call Company management will be holding a conference call to discuss financial resultsfor its fourth quarter and full year fiscal 2005 on Monday July 25, 2005 at 4:30 p.m. ET/ 1:30 p.m. PT. The conference call will be broadcast via live webcast and may be accessed at http://investor.celebrateexpress.com . Listeners may also access the call by dialing 1-866-800-8652 and entering password 34410680. A replay of the call will be available for 30 days by dialing 1-888-286-8010, password 43576104.
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