Home / Knowledge / News / Fashion / Baker Footwear net sales boost 27.8% for Q2

Baker Footwear net sales boost 27.8% for Q2

12
Sep '05
St Louis based leading fashion footwear specialty retailer Bakers Footwear Group Inc announced results for the thirteen and twenty-six weeks ended July 30, 2005.

For the second quarter, thirteen weeks ended July 30, 2005:

-Net sales increased 27.8 percent, to $45.3 million from $35.4 million for the thirteen weeks ended July 31, 2004. Comparable store sales increased 12.7 percent compared to a 3.0 percent increase last year;

-Operating income was $2.0 million, or 4.4 percent of net sales, an increase of $2.7 million from the operating loss of $0.7 million, or 2.1 percent of net sales in the same period a year ago;

-Net income was $1.2 million, or 2.7 percent of net sales, an increase of $1.7 million from the net loss of $0.5 million, or 1.4 percent of net sales in the second quarter of 2004.

-Diluted earnings per share were $0.19 compared to a loss per share of $0.10 in the second quarter of 2004.

Additionally, during the second quarter, the Company:

-Opened six new stores and at quarter-end operated 225 stores in 36 states;

-Remodeled eight stores and at quarter-end operated 100 stores, or 50 percent of its Bakers stores in the new store format;

Gross profit in the second quarter improved to $15.0 million, or 33.1 percent of net sales, compared to $10.5 million, or 29.6 percent of net sales, in the second quarter of fiscal 2004. Operating expenses were $13.0 million, or 28.7 percent of net sales compared to $11.2 million, or 31.7 percent of net sales in the second quarter of fiscal 2004.


Must ReadView All

Pic: Shutterstock

Textiles | On 2nd Mar 2021

China plans mega transport network to boost trade, economy

China plans to build a global rapid logistics circle for goods by...

Pic: Shutterstock

Retail | On 2nd Mar 2021

US retail sales projected to exceed $4.33 trillion in 2021:

The National Retail Federation has projected that US retail sales...

Pic: Shutterstock

Apparel/Garments | On 2nd Mar 2021

Garment, hard goods exports in Philippines may hit $2 bn:

Exports of garments and hard goods in the Philippines may reach $2...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Aditya Goyal,

Aditya Goyal

Headquartered in Surat, Anubha Industries is a specialist for sustainable...

Uhan Soebiantoro,

Uhan Soebiantoro

Luckytex is an integrated textile manufacturing company founded by...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search