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Blue Nile maintains strong cash & liquidity position
19 Feb '09
4 min read
• Net income per diluted share for the quarter includes stock-based compensation expense of $0.08, compared to $0.06 for the fourth quarter of 2007.
• The Company's effective tax rate for fiscal year 2008 was 34.9%, compared to 34.3% for fiscal year 2007.
• Capital expenditures in the fourth quarter totaled $0.5 million, compared to $1.3 million in the fourth quarter of 2007. Full year 2008 capital expenditures totaled $2.0 million compared to $4.9 million in 2007.
• During the quarter, the Company repurchased 31,400 shares of its common stock for $1.2 million. For the full year 2008, the Company repurchased 1.6 million shares of its common stock for $66.5 million.
Financial Guidance:
"Given the uncertainty surrounding the economic environment and consumer spending, we are not providing financial guidance at this time. We are in a strong financial position, with no debt and a healthy cash position, and we are focused on executing on our strategies to extend our leadership position and deliver profitable results," said Marc Stolzman, Chief Financial Officer.
• The Company's effective tax rate for fiscal year 2008 was 34.9%, compared to 34.3% for fiscal year 2007.
• Capital expenditures in the fourth quarter totaled $0.5 million, compared to $1.3 million in the fourth quarter of 2007. Full year 2008 capital expenditures totaled $2.0 million compared to $4.9 million in 2007.
• During the quarter, the Company repurchased 31,400 shares of its common stock for $1.2 million. For the full year 2008, the Company repurchased 1.6 million shares of its common stock for $66.5 million.
Financial Guidance:
"Given the uncertainty surrounding the economic environment and consumer spending, we are not providing financial guidance at this time. We are in a strong financial position, with no debt and a healthy cash position, and we are focused on executing on our strategies to extend our leadership position and deliver profitable results," said Marc Stolzman, Chief Financial Officer.
Blue Nile Inc
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