Mr. Vadon added, "Our category leadership positions us well as we head into the upcoming holiday season. We will continue to focus on delivering an exceptional experience to our customers. We are confident in our ability to execute on the significant long-term potential we believe the business has for future growth and profitability."
Blue Nile repurchased 238,635 shares of its common stock during the quarter ended October 1, 2006 for $7.8 million. Since February 2005, the Company has repurchased 2,259,857 shares of its common stock, or 12.7% of shares outstanding.
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