News Flash

LJ International ups guidance for Q2, expects 37% rise in sales

12 Jul '06

3 min read

The Company cited growth in both its ENZO retail division and its core wholesale business as leading factors in its revised second-quarter guidance. The Company's latest guidance calls for second-quarter 2006 ENZO revenues of at least $2.68 million, a sequential increase of 53% from $1.75 million in the first quarter of 2006. As of June 30, 2006, ENZO had 30 stores in operation, well ahead of schedule to meet its earlier-announced target of 40 stores by the end of 2006. Thirteen of these locations had already achieved profitability at the store level.

In a sign of continued robust growth in its core business, the Company recently announced that it expects to book approx. $22 million in orders due to its appearance at the JCK Las Vegas show in June. This is an increase of about 10 percent from its JCK-based orders in 2005, and gain of 29 percent from 2004.

LJ International Inc, based in Hong Kong and the US, is engaged in the designing, branding, marketing and distribution of a full range of jewelry. It has built its global business, currently one of the fastest-growing in the jewelry industry, on a vertical integration strategy and an unwavering commitment to quality and service.

LJ International Inc

More LJ International Inc News...