Leading online and catalog retailer of celebration products for families, Celebrate Express Inc reported financial results for its second quarter of fiscal 2006 ended November 30, 2005.
Celebrate Express reported net sales of $26.1 million in the second quarter of fiscal 2006, an increase of 39 percent from net sales of $18.8 million during the same period last year.
Net income for the second quarter of fiscal 2006 was $427,000, or $0.05 per diluted share, compared with net income of $685,000, or $0.11 per diluted share, in the second quarter of fiscal 2005.
Net income for the second quarter of fiscal 2006 includes a charge of $771,000, net of taxes, for severance and related charges previously estimated and reported on their Form 8-K filed on October 21, 2005.
No severance and related charges were included in the results for the same period last year.
Weighted average diluted shares outstanding were 7.9 million for the second quarter of fiscal 2006, compared with 6.3 million for the second quarter of fiscal 2005.
Celebrate Express is a leading online and catalog retailer of celebration products serving families with young children.
The Company currently operates three brands: Birthday Express markets children's party products, Storybook Heirlooms markets girls' special occasion apparel and accessories, and Costume Express markets children's costumes and accessories.
The Company utilizes its branded websites, BirthdayExpress.com, Storybook.com and CostumeExpress.com, complemented by its branded catalogs to offer products as complete coordinated solutions.
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