News Flash

Eddie Bauer's first half disappoints, sales down

19 Aug '06

5 min read

The company's net loss for the first half of 2006 was $77.6 million, or a loss of $2.59 per diluted share, compared to net income of $60.9 million in the first half of 2005.

Income (loss) from continuing operations before income taxes, interest expense and depreciation and amortization expense, or EBITDA, for the six-month period of 2006 was a loss of $8.9 million compared to income of $37.0 million for the same period last year when excluding the company's $13.7 million of reorganization expenses and $107.6 million gain recorded upon its emergence from bankruptcy.

As of July 1, 2006, the company operated 375 retail and outlet stores in total, consisting of 267 retail stores and 108 outlet stores. It opened three retail stores and one outlet store during the second quarter and closed one retail and one outlet store. This compares to a total of 382 retail and outlet stores as of July 2, 2005, consisting of 279 retail stores and 103 outlet stores.

Established in 1920 in Seattle, Eddie Bauer is a specialty retailer that sells casual sportswear and accessories for the modern outdoor lifestyle. It believes the Eddie Bauer brand is a nationally recognized brand that stands for high quality, innovation, style and customer service.

Eddie Bauer Holdings Inc

More Eddie Bauer News... More Apparel/Garments News - United States Of America...