>>
Home / Knowledge / News / Fashion / Blue Nile delivers strong financial results for Q1

Blue Nile delivers strong financial results for Q1

07
May '08
Blue Nile Inc reported financial results for its first quarter ended March 30, 2008.

The company posted net sales of $70.5 million, up from $67.9 million in the first quarter of 2007. Operating income for the quarter totaled $3.0 million. Net income totaled $2.6 million, or $0.16 per diluted share.

Net cash provided by operating activities totaled $29.4 million for the trailing twelve month period ended March 30, 2008. Non-GAAP adjusted free cash flow was $24.2 million for the trailing twelve month period ended March 30, 2008.

"We are pleased to have delivered financial results that exceeded our expectations, particularly in light of the weak consumer environment in the U.S.," said Diane Irvine, Chief Executive Officer.

"In this uncertain environment, we are keenly focused on enhancing the Blue Nile customer experience and vigorously managing our costs. We will invest prudently in our business and execute our unique business model to build long-term value for our shareholders."

Irvine concluded, "Our international business continued its rapid growth during the quarter, and we are extremely pleased with the early results of our recent launches into 25 new countries. Customers around the world are embracing the Blue Nile value proposition in increasing numbers."

During the quarter, the company repurchased 990,700 shares of its common stock for $41.7 million.

In a separate release, the Company announced the appointment of Marc Stolzman as Chief Financial Officer. Stolzman will join the Company on June 9, 2008.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Ralph Tharpe,

Ralph Tharpe

The White Oak Legacy Foundation (WOLF) is dedicated to the history of...

Ahammed Ali Babu,

Ahammed Ali Babu

With its expertise in spinning, knitting, printing and embroidery, Blue...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Paul Gaudio, Brand - Unless

Paul Gaudio
Brand - Unless

Former global creative director of Adidas and current Co-founder of...

Maria Camila Giraldo, Brand - Pam & Gela

Maria Camila Giraldo
Brand - Pam & Gela

Maria Camila Giraldo is a Colombian actress, writer and entrepreneur...

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

ESTEEMED CLIENTS

IFF Media Ag - International Media Services
Pt. Peraga Nusantara Jaya Sakti
Recron Polyester from Reliance Industries Limited
Arvind Limited
G-Star Raw C.V.
Newtech Textile Technology Development (Shanghai) Company Limited
Thermore (Far East) Ltd.
Tradewind International Servicing
Rosset ;& Cia Limited
EMBEE CORPORATION
K AND D ITMACH EXPOSITIONS LLP
Zydex Industries
BIANCA
Vianney Textil Hogar S.A. De C.V.
Marzoli Machines Textile s.r.l.
Nandan Denim Limited
Comasia Limited
PVH Corporation
Chori Company Limited
VNU Exhibitions Asia
Sainsbury's Argos Asia Limited
Officina Meccanica Dora Enrico Srl
The Top Form Brassiere Manufacturing Company Limited
T.T. Limited
Helly Hansen Far East Ltd
Benetton Group
H. Stoll AG & Company KG
ZAITEX spa
Chico’ FAS
Sportswear Company Spa
Indo Tex
Groz-Beckert East Asia LLP
Seasalt Limited
CGS Inc.
Gatsby Africa
Tommy Hilfiger
BTSR International S.P.A.
DyStar India Pvt. Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Thai Acrylic Fibre Company Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tory Burch Hong Kong Ltd
Amazon China
X-Rite Asia Pacific Limited (HK)
Coats Digital Limited
Tchibo GmbH
Esprit Europe Services GmbH
UBM China (Shanghai)
Kern – Liebers Textile
TESCO INTERNATIONAL SOURCING LIMITED
Varner AS Retail
Phong Phu international JSC (PPJ)
Equinox Impex India
Applied DNA Sciences Inc
Desigual - ABASIC, S.A.
Eurofins BLC Leather Technology Centre Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Huntsman (Singapore) Pte Ltd
Walmart
The LYCRA Company Singapore  Pte. Ltd
Jiangsu Yingyang Nonwoven Machinery Company Limited
J ;& P Coats
Lisa S.P.A.
Woolmark Services India Pvt. Ltd.
ITMA Services Pte Ltd
Meera Dyestuff Industries
Aleph Srl
Babyshop
Reiter India Private Limited
Boardriders Asia Sourcing Limited
Centric Software
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Datacolor AG Europe
Groz-Beckert KG
Zünd Systemtechnik AG
Nihalani Events Management
Guess Europe Sagl,
Cat Tuong Real Estate Group Joint Stock Company
International Sourcing Expo Australia
TÜYAP IHTISAS FUARLARI A.S.
GERBER TECHNOLOGY LTD.
Puma
Lottmann Communications
COTTON COUNCIL INTERNATIONAL
DuPont de Nemours, Inc.,
Datatex Consulting Srl
Aquarelle Clothing Limited
Gap International Sourcing Limited
APLF Limited
Grasim Industries Limited
Rayonese Textile Inc., Division de Culp Inc.
Calvin Klein
Lectra Technologies India Pvt Ltd.
Brandix Lanka Limited
Istanbul Fuarcilik A.S.
The LYCRA Company Singapore  Pte. Ltd
Lululemon Athletica Inc
Decathlon
Italian Trade Commission
Dow Silicones Corporation
N9 World Technologies Private Limited
Color Service s.r.l.
Inter Expo Center Ltd.
H;&M Hennes ;& Mauritz (Far East) Ltd
Copenhagen Fashion Summit
FULGAR SpA
MAS Active / MAS Kreeda / MAS Bodyline
TESTEX AG, Swiss Textile Testing Institute
Restoque S.A.
Infor (Hong Kong) Limited
International Textile Manufacturers Federation
Shanghai  Aige Exhibition Service Co., Ltd
BIMBA ;& LOLA SL
Mayer & Cie. GmbH & Co. KG
Page Industries Limited (Bangalore)
Sportmaster Ltd.
Kornit Digital Asia Pacific Ltd
EPCH
Loris Bellini S.r.l.
IKEA of Sweden AB
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
KAS Direct Sourcing
Thai Trade Center
Sateri (Jiujiang) Fiber Co.,Ltd
Hela Clothing Pvt Ltd
Asos
SHAHI Exports Pvt Ltd
Brückner Trockentechnik GmbH & Co. KG
Vardhman Textile Ltd
Shima Seiki Mfg. Ltd.
Haelixa AG
IDH – The Sustainable Trade Initiative
Truetzschler India Private Limited
Gloria Jeans
Landmark Group
C;&A Sourcing International Ltd
CSGIA(China Screen Printing & Graphic Imaging Association)
EUROVET ASIA LTD
Gokaldas Exports Limited
Savio Macchine Tessili S.P.A.
Maceton Limited
Lenzing Aktiengesellschaft
John Varvatos
Target Corporation (MN)
Lacoste (Wanchai)
Jindal Worldwide Limited
Hirdaramani International Export Private Limited
NITI Aayog
BRINKMANN GMBH
Itema Weaving (India) Private Limited
JES MEDIA, INC
Taiwan Textile Federation (TTF)
GIOVANNI BOZZETTO S.p.A.
Etam Group Strategy Hong Kong Limited
USTER
Karl Mayer Textilmaschinenfabrik GmbH
Rieter India Private Limited
Stahl Holdings B.V.,
G.A.S. unternehmenskommunikation gmbh
Mesdan SPA
Lenzing Aktiengesellschaft - India
Midas Clothing Limited
Green Fibre
Alix Partners
Indofil Industries Limited - Specialty & Performance Chemicals Division
Recron Polyester from Reliance Industries Limited
Under Armour Global Sourcing Ltd
Flainox S.r.l.
Alison Hayes Romania
Bluesign Technologies Ag
Lifestyle
Eastman Chemical Company
Tuyap Tum Fuarcilik Yapim A.S.
Bluestem Global Sourcing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Xtema - Thomas Lebherz Textilmaschinen
Aramark Uniform ;& Career Apparel, LLC
Splash
SYNERGIES HONG KONG LIMITED
Weitmann & Konrad GmbH & Co. KG
KIABI
Abit
Messe Duesseldorf
Colours India Inc
NV Michel Van de Wiele
IIGM Private Limited
Saurer Textile Solutions Pvt. Ltd.
Performance Days
China World International Exhibition Company Limited
Palexpo SA
FESPA (Reigate)
Messe Frankfurt Exhibition GmbH
TEXVALLEY MARKET LIMITED
LC Waikiki
GHCL LIMITED
BTC Textiles LLC
OVS Hong Kong Sourcing Ltd.

May 2022

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


Advanced Search