Coldwater Creek comparable store sales rise 7.3% in Q1
30 May '07
2 min read
The decrease in gross profit rate was primarily due to increased promotional activity partially offset by higher merchandise margins associated with the direct sourcing program.
Selling, general and administrative expenses for the fiscal 2007 first quarter were $110.7 million, or 39.4 percent of net sales, compared with $82.9 million, or 38.5 percent of net sales, for the fiscal 2006 first quarter.
The increase in selling, general and administrative expenses of $27.8 million was driven primarily by marketing, personnel and overhead costs associated with the company's retail expansion.
Income from operations for the fiscal 2007 first quarter increased $0.2 million, or 1.4 percent, to $17.8 million, or 6.3 percent of net sales, compared with $17.5 million, or 8.1 percent of net sales, for the fiscal 2006 first quarter.
marketing@alchempro.com
