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The Bombay Company to release fiscal information on quarterly basis
26 May '06
1 min read
The Bombay Company Inc announced that it will change the frequency with which it publicly reports same store sales and total revenue to a quarterly rather than a monthly basis, so that its next sales release will be for the quarter ended July 29, 2006.
The Company believes that shareholders will be better served by the revised release schedule as it will reduce the potential for volatility caused by monthly reporting of sales data.
Monthly comparisons are often affected by calendar shifts, changes in promotional methods or cadence, and other events, so that meaningful comparisons of the Company's performance in the current period with its performance in a prior period cannot be made.
The change to a quarterly reporting frequency will spread these variations over an entire quarter, making period-to-period comparisons more valid, and will align Bombay's reporting with the majority of publicly-traded specialty home furnishings hardlines retailers.
The Bombay Company Inc designs, sources and markets a unique line of home accessories, wall decor and furniture through 481 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
The Company believes that shareholders will be better served by the revised release schedule as it will reduce the potential for volatility caused by monthly reporting of sales data.
Monthly comparisons are often affected by calendar shifts, changes in promotional methods or cadence, and other events, so that meaningful comparisons of the Company's performance in the current period with its performance in a prior period cannot be made.
The change to a quarterly reporting frequency will spread these variations over an entire quarter, making period-to-period comparisons more valid, and will align Bombay's reporting with the majority of publicly-traded specialty home furnishings hardlines retailers.
The Bombay Company Inc designs, sources and markets a unique line of home accessories, wall decor and furniture through 481 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
The Bombay Company Inc
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