Consumer products retailer Big Dog Holdings Inc has reported sales results for its fourth quarter and year ended December 31, 2005.
The consolidated net sales for the year ended December 31, 2005 were $179.1 million, an 11 percent increase, as compared to $161.4 million in 2004. Comparable retail store sales increased 3.3 percent for the year (a 4.1 percent decline for the Big Dogs chain and 12.8% increase for the TWC chain).
Consolidated net sales for the fourth quarter were $59.4 million, a $3.7 million or 6.6 percent increase as compared to $55.7 million in the same quarter of 2004. It increased primarily due to the additional stores opened during the period and a 23 percent increase in mail order/internet revenue of $.6 million, offset by a comparative store sales decrease of 0.6 percent.
The company had a total of 268 stores opened (176 Big Dog stores and 92 TWC stores) at the end of the period, as compared with 262 stores (188 Big Dog and 74 TWC stores) on December 31, 2004.
Gross margins and operating expenses appear to be in line with the company's expectations. Final audited results, including net income, for 2005 will not be available until late March 2006.
Big Dog Holdings Inc consists of Big Dogs and The Walking Company. It develops, markets and retails a branded, lifestyle collection of unique, high-quality, popular-priced consumer products, including activewear, casual sportswear, accessories and gifts.
The BIG DOGS® brand image is one of quality, value and fun. Its brand is designed to appeal to people of all ages and demographics, particularly baby boomers and their kids, big and tall customers, and pet owners. In addition to its 166 retail stores, Big Dogs markets its products through its catalog, Internet and corporate sales accounts.
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