Q3 net income goes up at luxury jewelry stores operator
20 Feb '07
2 min read
Nine Month Highlights: • Net sales increased 8.9% to $237.8 million, from $218.3 million in the prior year period; excluding one extra week in the first forty weeks of Fiscal 2007, net sales increased by approximately 7%; • Comparable store sales increased 4%, as compared to an 11% increase in the prior year period; • Gross margin expanded by 120 basis points to 49.1% of net sales; • Operating income increased 24.3% to $22.7 million, or 9.6% of net sales, as compared to $18.3 million, or 8.4% of net sales in the prior year period; and • Net income increased 30.7% to $15.0 million, as compared to net income of $11.5 million in the prior year period.
marketing@alchempro.com
