Home / Knowledge / News / Fashion / Finlay Enterprises reports sales for two-month period
Finlay Enterprises reports sales for two-month period
10
Jan '08
Finlay Enterprises Inc, a leading retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced that sales for the two-month period including November and December increased 26.9% to $349.1 million compared to $275.0 million in the comparable period of 2006.

The sales results are on a continuing operations basis, which excludes sales from discontinued Macy's, Belk's and Parisian stores. Specialty jewelry stores consisting of Carlyle, Congress, and Bailey Banks & Biddle, which was acquired in November 2007, contributed sales of $130.4 million for the two-month period, as compared to $43.7 million for the same period last year. Comparable store sales (stores open for the same months during the comparable period) for the two-month period decreased 5.9% on a continuing operations basis.

On a continuing operations basis, sales for the 11-month period ended January 5, 2008 increased 13.7% to $801.9 million compared to $705.1 million for the comparable period of the prior year. Specialty jewelry stores contributed sales of $208.3 million for the 11-month period, as compared to $100.2 million in 2006. Comparable store sales for the 11-month period decreased 1.0% on a continuing operations basis. Including discontinued stores, comparable store sales for the 11-month period decreased 0.6%.

As a result of lower sales than previously projected, the Company now estimates net income per diluted share on a continuing operations basis for the fourth quarter will be between $1.50 and $1.60. The Company's previous earnings estimate was $2.15 to $2.30 for the fourth quarter, based on a comparable stores sales increase in the range of 1.5% to 2.5%. This outlook compares to diluted earnings per share on a continuing operations basis of $1.30 in the fourth quarter of 2006.


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search