Friday, November 08, 2002 11:56:11 AM
Same store sales up 17%
FORT WORTH, Texas, Nov 6, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Bombay Company, Inc. (BBA, Trade) reported today that same store sales for stores open more than one year increased 17% for the four-week period ended November 2, 2002 compared to the four weeks ended November 3, 2001. Total revenue increased 24% to $39.6 million compared to $32.0 million for the corresponding period of the prior year. Revenue from non-store activity, including Bailey Street Trading Company, International, Mail Order and Internet, amounted to 8% of total revenue for the period compared to 6% for the prior year.
Same store sales increased 9% for the thirteen-week period ended November 2, 2002 compared to the thirteen-week period ended November 3, 2001. Total revenue for the third quarter increased 17% to $113.8 million compared to $96.9 million for the corresponding period of the prior year. Revenue from non-store activity amounted to 8% of total revenue for the period compared to 5% for the prior year.
The Company noted that strong positive sales trends, which began in September, continued through the month of October with growth in all categories and in all regions of the country and Canada. As a result of the strong sales, the Company expects the third quarter loss per share to be in the range of $.02 to $.04, including a previously announced one-time charge of $.02 per share, compared to a loss per share of $.07 last year.
Investors and interested parties will have the opportunity to listen to management's discussion of the third quarter results in a conference call to be held in connection with the quarterly earnings release on November 21, 2002 at 10:00 CST. The dial in number for the call is (212) 346-0276. The call will also be broadcast over the Internet at www.bombayco.com . For those who are unable to listen to the live broadcast, the audio replay of the call will be available through the website.
The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 430 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
Any statements in this press release that may be considered forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from forward- looking statements due to the risk factors discussed in the periodic reports filed by the Company with the Securities and Exchange Commission, which the Company urges investors to consider.
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http://tbutton.prnewswire.com/prn/11690X77492117
SOURCE The Bombay Company, Inc.
Elaine D. Crowley, Vice President, CFO and Treasurer of The
Bombay Company, Inc., +1-817-347-8200
http://www.bombayco.com
http://clearstation.etrade.com/cgi-bin/bbs?post_id=3800484
Sara
Go 49ers!
FORT WORTH, Texas, Nov 6, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Bombay Company, Inc. (BBA, Trade) reported today that same store sales for stores open more than one year increased 17% for the four-week period ended November 2, 2002 compared to the four weeks ended November 3, 2001. Total revenue increased 24% to $39.6 million compared to $32.0 million for the corresponding period of the prior year. Revenue from non-store activity, including Bailey Street Trading Company, International, Mail Order and Internet, amounted to 8% of total revenue for the period compared to 6% for the prior year.
Same store sales increased 9% for the thirteen-week period ended November 2, 2002 compared to the thirteen-week period ended November 3, 2001. Total revenue for the third quarter increased 17% to $113.8 million compared to $96.9 million for the corresponding period of the prior year. Revenue from non-store activity amounted to 8% of total revenue for the period compared to 5% for the prior year.
The Company noted that strong positive sales trends, which began in September, continued through the month of October with growth in all categories and in all regions of the country and Canada. As a result of the strong sales, the Company expects the third quarter loss per share to be in the range of $.02 to $.04, including a previously announced one-time charge of $.02 per share, compared to a loss per share of $.07 last year.
Investors and interested parties will have the opportunity to listen to management's discussion of the third quarter results in a conference call to be held in connection with the quarterly earnings release on November 21, 2002 at 10:00 CST. The dial in number for the call is (212) 346-0276. The call will also be broadcast over the Internet at www.bombayco.com . For those who are unable to listen to the live broadcast, the audio replay of the call will be available through the website.
The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 430 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
Any statements in this press release that may be considered forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from forward- looking statements due to the risk factors discussed in the periodic reports filed by the Company with the Securities and Exchange Commission, which the Company urges investors to consider.
Make Your Opinion Count - Click Here
http://tbutton.prnewswire.com/prn/11690X77492117
SOURCE The Bombay Company, Inc.
Elaine D. Crowley, Vice President, CFO and Treasurer of The
Bombay Company, Inc., +1-817-347-8200
http://www.bombayco.com
http://clearstation.etrade.com/cgi-bin/bbs?post_id=3800484
Sara
Go 49ers!
Sara
"I never give them hell. I just tell the truth and they think it's hell." - Harry Truman
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