Home / Knowledge / News / Apparel/Garments / Body Central sales up 4.9% in 2012
Body Central sales up 4.9% in 2012
04
Mar '13
Body Central Corp. announced financial results for the fourth quarter and fiscal year 2012.
 
Highlights for the fourth quarter ended December 29, 2012:
-Net revenues for the quarter increased 0.3% to $81.0 million, compared to $80.7 million last year.
-Store sales increased 1.2% to $73.8 million and comparable store sales decreased by 11.6%.
-Operating income was $3.9 million or 4.8% of net revenues, compared to $9.8 million or 12.2% of net revenues for last year.
-Net income was $2.4 million, or $0.15 per diluted share based on 16.3 million weighted average shares outstanding, as compared to net income of $6.1 million, or $0.38 per diluted share based on 16.2 million weighted average shares outstanding for the fourth quarter of 2011.
The Company opened 13 new stores during the fourth quarter and operated 276 stores as of December 29, 2012.
 
 
Highlights for the fiscal year ended December 29, 2012:
-Net revenues increased 4.9% to $311.0 million from $296.5 million for the same period a year ago.
-Store sales rose 5.1% to $275.1 million driven by a 15% increase in store count which was offset by a comparable store sales decrease of 8.1%.
-Operating income was $19.1 million or 6.2% of net revenues, compared to $31.4 million or 10.6% of net revenues for the same period last year.
-Net income was $11.9 million or $0.73 per diluted share based on 16.3 million weighted average shares outstanding, as compared to net income of $19.7 million, or $1.22 per diluted share based on 16.2 million weighted average shares outstanding for fiscal 2011.
-The Company opened 39 new stores during fiscal year 2012.
 
 
Brian P. Woolf, Body Central's CEO, stated: "While the Company had a tough sales year in 2012, many initiatives were undertaken to build the infrastructure to support continued growth. In addition to those steps taken in 2012, we are pleased to have announced earlier this week four very significant personnel additions to our merchandising team. We have much to accomplish and an urgency to improve the product offering.
 
“In addition, we will be focused on building the brand, improving our customers' shopping experience in our stores, and unifying our direct and store marketing to become a true multi-channel business. As we redesign our new store prototype in support of these initiatives, we will be modifying our 2013 new store opening target to 25 stores. Lastly, we expect current trends in our business to continue to be weak through the first half of this year with pressure on gross margins. Longer term, we are optimistic about our business model and the niche we can continue to develop in the fast fashion segment."
 

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search