dELiA*s Inc, a direct marketing and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19, announced financial results for the third quarter and nine months ended October 28, 2006.
Revenue for the third quarter increased 12.0 percent to $67.5 million in the third quarter of fiscal 2006.
Gross profit for the third quarter increased to $28.1 million or 41.7 percent of net sales, compared to $24.5 million or 40.5 percent of net sales for the fiscal 2005 third quarter.
The Company's net earnings for the third quarter of 2006 improved by $1.6 million, to $3.3 million, or $0.11 per diluted share, compared with the fiscal 2005 third quarter net earnings of $1.7 million or $0.06 per diluted share.
Robert Bernard, Chief Executive Officer stated: "In Retail, as discussed in our second quarter release, weekly comps turned positive on an overall basis in September week 1."
"We are pleased to report that each following week was positive with the momentum which started in September continuing into October, thereby facilitating a positive comp of 5 percent for the quarter."
"In addition, our Direct business continued to improve its performance as revenue growth exceeded circulation growth while operating earnings improved by 64 percent."
Retail Segment Results Net sales from the Company's Retail Segment increased to $25.9 million compared with $20.5 million in the year-ago third quarter, an increase of 26.4 percent.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
