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Finlay Specialty contributes sales of $77.7 mn for Q1

08
May '08

Finlay Enterprises Inc, a leading retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced its first quarter sales results for the period ended May 3, 2008.

Sales for the first quarter increased 26.0% to $205.3 million compared to $162.9 million in the comparable period of 2007. The fiscal year 2007 sales results are on a continuing operations basis, which excludes sales from Parisian stores.

Specialty jewelry stores consisting of Carlyle, Congress, and Bailey Banks & Biddle, which was acquired in November 2007, contributed sales of $77.7 million for the first quarter, as compared to $27.2 million for the same period last year. Comparable store sales (stores open for the same months during the comparable period) for the first quarter decreased 4.5%.

The Company currently expects to report full financial results for the first quarter on May 28, 2008.

Finlay Enterprises Inc, through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is one of the leading retailers of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States and achieved sales of $835.9 million in fiscal 2007.

Finlay Enterprises Inc

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