Eddie Bauer total revenues up 10% to $214mn for Q1
17 May '07
2 min read
Eddie Bauer Holdings Inc reported financial results for the first quarter of fiscal year 2007.
For the first quarter ended March 31, 2007, total revenues increased by approximately 10.0% to $214.0 million from $194.5 million in the first quarter last year.
Total revenues for the first quarter of 2007 included net merchandise sales of $200.0 million, shipping revenues of $8.7 million, licensing royalty revenues of $3.5 million, royalty revenues from foreign joint ventures of $1.5 million, and other revenues of $0.3 million.
In the first quarter of 2006, total revenues included net merchandise sales of $180.5 million, shipping revenues of $8.2 million, licensing royalty revenues of $3.9 million, royalty revenues from foreign joint ventures of $1.7 million, and other revenues of $0.2 million.
Net merchandise sales for the first quarter of 2007 included $136.4 million of sales from the Company's retail and outlet stores and $63.6 million of sales from its direct channel, which includes sales from its catalogs and websites.
This compares to $125.9 million of sales from the Company's retail and outlet stores and $54.6 million of sales from its direct channel in first quarter of fiscal 2006.
Comparable store sales for the first quarter of 2007 increased by 9.5%, and sales in the Company's direct channel increased 16.3%. Comparable store sales include net sales from retail and outlet stores that have been open for one complete fiscal year.
Gross margin for the first quarter of 2007 was $58.6 million, an increase of $10.0 million from $48.6 million for the first quarter of 2006.
Gross margin percentage for the first quarter of 2007 rose to 29.3%, up from 26.9% in the first quarter of fiscal 2006. The increase was due primarily to a decrease in occupancy costs as a percentage of net merchandise sales.
marketing@alchempro.com
