Home / Knowledge / News / Fashion / Online Jeweler Blue Nile full year sales gain 20%

Online Jeweler Blue Nile full year sales gain 20%

08
Feb '06
Leading online jeweler Blue Nile Inc reported financial results for its 2005 fourth quarter and full year ended January 1, 2006.

Blue Nile reported the following highlights for the year:

-- Net sales for the year ended January 1, 2006 totaled $203.2 million, compared to net sales of $169.2 million in the year ended January 2, 2005, an increase of 20.0 percent.

-- Net income for the year ended January 1, 2006 increased 31.7 percent to $13.2 million, or $0.71 per diluted share, from $10.0 million, or $0.56 per diluted share, in the year ended January 2, 2005.

-- Non-GAAP free cash flow for the year ended January 1, 2006 was $30.2 million, compared to $27.9 million in the prior year, an increase of 8.2 percent.

Net cash provided by operating activities for the year ended January 1, 2006 was $31.3 million, compared to $29.8 million in the prior year.

Click to view more details

Blue Nile's Web site offers more than 60,000 certified diamonds in addition to pearl, gold, gemstone and sterling silver jewelry.

Customers can choose jewelry gifts starting at $40 or build their own custom diamond rings, earrings or pendants using Blue Nile's "Build Your Own" feature.

Blue Nile Inc


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