Overall, net income increased to $4.7 million for the fiscal 2005 fourth quarter, or $0.16 per diluted share, compared with $3.5 million in the fiscal 2004 fourth quarter, or $0.13 per diluted share.
Total net sales for fiscal 2005 increased 13.7 percent, to $226.7 million versus $199.4 million for the prior year. Full-year sales through the company's direct segment increased by 16.8 percent to $158.0 million, driven by a 5.2 percent circulation increase and an increase in demand per book.
Full-year sales through the company's retail store segment increased by 7.2 percent to $68.7 million, driven by new stores and a full-year comparable store sales increase, for premier locations, of 4.6 percent. It noted that during the year it opened 11 new premier locations and closed 7 existing stores, including 4 outlet locations, to end the year with 57 premiere stores and 2 outlets.
Gross profit for the fiscal 2005 year increased to $88.1 million and was 38.9 percent of net sales, compared with $69.5 million, or 34.8 percent of net sales, for fiscal 2004.
Loss from continuing operations for the fiscal year ended January 28th 2006 decreased $10.2 million, to approx. $800 thousand, or $0.03 per diluted share, compared with the fiscal year ended January 31st 2005 of $11 million, or $0.52 per diluted share.
In February the company completed its $20 million rights offering. In addition, in March approx. $8.2 million was received from Alloy Inc as part of the year end cash true up, discussed in previous filings.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
