Jewelry retailer Finlay reports 10.8% rise in Q4 sales

06 Feb '06

2 min read

Leading retailer of fine jewelry and the largest operator of licensed fine jewelry departments in department stores throughout the United States, Finlay Enterprises, Inc announced that comparable department sales (departments open for the same months during the comparable period) for the fourth quarter ended January 28, 2006 increased 1.5 percent in its go-forward doors.

The go-forward doors exclude the 194 stores that Finlay will no longer operate in the second half of 2006 as a result of Federated's integration plans.

Comparable department sales for the fourth quarter including discontinued stores increased 0.8 percent.

Total sales for the fourth quarter increased 10.8 percent to $421.6 million compared to $380.6 million in the comparable period of fiscal 2004.

Comparable department sales for the fiscal year ended January 28, 2006 increased 0.9 percent, including only the go-forward doors for the fourth quarter.

Comparable department sales for fiscal 2005 including discontinued stores increased 0.7 percent.

Total sales for fiscal 2005 increased 7.2 percent to $990.3 million compared to $923.6 million in fiscal 2004.

The Company currently expects to report full financial results on March 7, 2006.

Finlay Enterprises Inc, through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is one of the leading retailers of fine jewelry and the largest operator of licensed fine jewelry departments in department stores throughout the United States.

The number of locations at the end of fiscal 2005 totaled 1,008, including 32 Carlyle specialty jewelry stores.

Finlay Enterprises Inc

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