Whitehall Jewellers announces financial results for Q3

10 Dec '05

3 min read

For the nine-month period ended October 31, 2005, the Company reported sales of $198.3 million compared to $208.7 million last year. Net loss was $71.9 million versus a net loss of $15.2 million for the same period a year ago. Net loss per share for the nine-month period was $5.15 compared to net loss per share of $1.09 for the nine-month period last year.

Whitehall also announced today that it has set a date of January 19, 2006 for its special meeting of shareholders to consider various proposals relating to previously announced financing transactions with Prentice Capital Management, L.P. and Holtzman Opportunity Fund, L.P. and a record date of today, December 9, 2005, for the determination of shareholders of record to vote at this meeting.

Whitehall Jewellers Inc is a national specialty retailer of fine jewelry, operating 389 stores in 38 states.

The Company operates stores in regional and super regional shopping malls under the names Whitehall Co. Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers. The Company has previously disclosed that it intends to close 77 unprofitable stores in the near term.

Whitehall Jewellers Inc

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