La Senza triples net earnings for Q2 2007

28 Aug '06

3 min read

La Senza Corporation reported net earnings of $7.2 million or $0.52 per share for the quarter ended July 29, 2006 compared to $2.1 million or $0.16 per share for the quarter ended July 30, 2005.

For the six month period, the Company posted net earnings of $11.3 million or $0.82 per share compared to $3.8 million or $0.28 per share.

The prior year results included a loss from discontinued operations of $1.1 million for the second quarter and $1.9 million for the six month period.

Excluding the loss from discontinued operations in the prior year, the comparison of net earnings from continuing operations was $7.2 million or $0.52 per share versus $3.2 million or $0.24 per share for the second quarter, and $11.3 million or $0.82 per share versus $5.8 million or $0.43 per share for the six month period.

Earnings before interest, income taxes, amortization, foreign exchange on investment activities, and discontinued operations (EBITDA) amounted to $15.5 million for the current quarter versus $10.0 million for the second quarter of the prior year.

For the six month period, EBITDA amounted to $28.0 million versus $19.8 million for the prior year period.

Sales for the second quarter ended July 29, 2006 amounted to $108.9 million compared to $97.0 million for the second quarter ended July 30, 2005, an increase of 12.3 percent.

For the first half of the current year, sales amounted to $205.6 million compared to $180.4 million for the six months of the prior year, representing an increase of 14.0 percent.

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