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Coldwater Creek announces Q2 results

25 Aug '05

4 min read

Income from operations for the fiscal 2005 second quarter increased $5.3 million, or 100 percent, to $10.7 million, or 6.9 percent of net sales, compared with $5.3 million, or 4.8 percent of net sales, for the fiscal 2004 second quarter.

Net sales from the Retail Segment, which includes the company's full-line retail stores, resort stores and outlet stores, increased 55 percent to $95.2 million in the fiscal 2005 second quarter, from $61.3 million in the fiscal 2004 second quarter. Retail Segment net sales represented 61.6 percent of the company's total net sales in the fiscal 2005 second quarter, compared with 55.1 percent in the fiscal 2004 second quarter.

Net sales from the Retail Segment increased 52 percent to $179.0 million in the first six months of fiscal 2005, from $117.8 million in the comparable period last year. Retail Segment net sales represented 57.7 percent of the company's total net sales in the first six months of fiscal 2005, compared with 50.0 percent in the same period a year ago.

The company opened 17 full-line retail stores during the fiscal 2005 second quarter for a total of 136 full-line retail stores in operation at the end of the fiscal 2005 second quarter, compared with 89 full-line retail stores at the end of the fiscal 2004 second quarter.

Direct Segment net sales increased 19 percent to $59.4 million in the fiscal 2005 second quarter from $49.9 million in the fiscal 2004 second quarter.

Direct Segment net sales represented 38.4 percent of the company's total net sales in the fiscal 2005 second quarter, compared with 44.9 percent in the fiscal 2004 second quarter.

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