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Linens 'n Things Q4 net sales up 5.2% to $921.2m
03 Feb '06
2 min read
Linens 'n Things Inc, has reiterated its previous announcement that total net sales increased approximately 5.2 percent to $921.2 million for the fourth quarter ended December 31st 2005, up from $875.7 million for the same period last year.
Comparable net sales for the fourth quarter of 2005 declined approximately 2.2 percent.
Operating profit, which represents earnings before interest and taxes, is expected to be approximately $73 to $75 million, compared with $72.7 million for the same period last year. Depreciation and amortization for the fourth quarter ended December 31, 2005 is expected to be approximately $24.1 million, compared with $21.3 million for the same period last year.
For the fifty-two week period ended December 31, 2005, net sales increased approximately 1.2 percent to $2,694.7 million, up from $2,661.5 million for the same period last year. Comparable net sales for the fifty-two week period ended December 31, 2005 declined approximately 5.9 percent.
Operating profit is expected to be approximately $61.3 to $63.3 million, compared with $101.3 million for the same period last year. Depreciation and amortization for the fifty-two week period ended December 31, 2005 is expected to be approximately $90.3 million, compared with $81.3 million for the same period last year.
The foregoing financial results are unaudited, and are therefore preliminary and are subject to change based on completion of the 2005 year-end audit and final management review.
Linens 'n Things, with 2005 sales of $2.7 billion, is one of the leading, national large format retailers of home textiles, housewares and home accessories. It operates 542 stores in 47 states and six provinces across the United States and Canada.
Comparable net sales for the fourth quarter of 2005 declined approximately 2.2 percent.
Operating profit, which represents earnings before interest and taxes, is expected to be approximately $73 to $75 million, compared with $72.7 million for the same period last year. Depreciation and amortization for the fourth quarter ended December 31, 2005 is expected to be approximately $24.1 million, compared with $21.3 million for the same period last year.
For the fifty-two week period ended December 31, 2005, net sales increased approximately 1.2 percent to $2,694.7 million, up from $2,661.5 million for the same period last year. Comparable net sales for the fifty-two week period ended December 31, 2005 declined approximately 5.9 percent.
Operating profit is expected to be approximately $61.3 to $63.3 million, compared with $101.3 million for the same period last year. Depreciation and amortization for the fifty-two week period ended December 31, 2005 is expected to be approximately $90.3 million, compared with $81.3 million for the same period last year.
The foregoing financial results are unaudited, and are therefore preliminary and are subject to change based on completion of the 2005 year-end audit and final management review.
Linens 'n Things, with 2005 sales of $2.7 billion, is one of the leading, national large format retailers of home textiles, housewares and home accessories. It operates 542 stores in 47 states and six provinces across the United States and Canada.
Linens 'n Things
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