Leading online retailer of designer brands, fashion trends and superior value, Bluefly Inc announced record revenue and margin levels for the fourth quarter and full year 2005.
Highlights for the fourth quarter included:
-- Gross margin expanded by 150 basis points to 41.8 percent from 40.3 percent in fourth quarter 2004;
-- Revenue increased by 46 percent to $21.2 million from $14.5 million in fourth quarter 2004;
-- Gross profit increased by nearly 52 percent;
-- Operating income of $131,000;
-- Cash balance increased by $4.3 million to $9.4 million.
Highlights for the full year 2005 included:
-- Gross margin expanded by 160 basis points to 39.1 percent from 37.5 percent in 2004;
-- Revenue increased by 34 percent to $58.8 million from $43.8 million in 2004;
-- Gross profit increased by approximately 40 percent;
-- An operating loss of approximately $3.1 million, an improvement of $760,000 from the 2004 operating loss of $3.9 million.
"They are extremely pleased with their fourth quarter and full-year results," said Melissa Payner-Gregor, Bluefly's chief executive officer.
"Bluefly successfully drove top-line sales to record levels in the fourth quarter while they expanded their margins by 150 basis points in the quarter and 160 basis points for the full year, and they reported operating income in the fourth quarter of 2005 that was comparable tothe fourth quarter of 2004.
marketing@alchempro.com
