dELiA*s Inc has announced its financial results for the fourth quarter and year ended January 28th 2006.
For the fourth quarter, total sales rose 11 percent to $78.4 million, driven by increases in revenues from both the company's direct segment and its retail segment.
Robert Bernard, CEO of dELiA*s, said, "This year has represented a major step forward for our company and we are confident that we are on the right path for success. There is a significant growth opportunity for our dELiA*s retail concept which we are pursuing in a measured and thoughtful way."
Fourth quarter total net sales increased by 11.0 percent to $78.4 million compared to $70.6 million for the fiscal 2004 fourth quarter, a $7.8 million increase. Net sales for the Direct Segment increased 9.3 percent to $57.8 million compared with $52.9 million in the year-ago quarter, as compared with our 10.5 percent increase in catalogue circulation versus the prior year. Net sales from the company's Retail Segment increased 15.9 percent to $20.6 million compared with $17.7 million in the year-ago fourth quarter.
Gross profit for the fourth quarter increased to $32.2 million, or 41.0 percent of net sales, compared with $26.5 million, or 37.6 percent of net sales for the fiscal 2004 fourth quarter.
Income from continuing operations for the fourth quarter increased $2.2 million, to $4.9 million, or $0.17 per diluted share, compared with the fiscal 2004 fourth quarter of $2.7 million, or $0.10 per diluted share.
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