The Bombay Company, Inc. Announces January, Fourth Quarter and Fiscal Year Revenue
2006年2月2日 - 8:50AM
PRニュース・ワイアー (英語)
FORT WORTH, Texas, Feb. 1 /PRNewswire-FirstCall/ -- The Bombay
Company, Inc. (NYSE:BBA) reported today that total revenue for the
four-week period ended January 28, 2006 increased 1.4% to $38.6
million compared to $38.1 million for the four-week period ended
January 29, 2005. Same store sales for stores opened more than 12
months increased 6.0% compared to the comparable four-week period
of the prior year. Revenue from non-store activity declined to 5.1%
of total revenue for the month compared to 9.6% during the same
period last year. Lower revenue from the Bailey Street operations,
the assets of which were sold during Fiscal 2005, accounted for
approximately $1.2 million of the decline. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO ) For the
fourth quarter, total revenue declined 6.9% to $189.3 million
compared to $203.4 for the comparable prior year period while same
store sales decreased 4.3%. Revenue from non-stores activity was
5.1% of total revenue for the fourth quarter of Fiscal 2005
compared to 7.1% in the corresponding period of Fiscal 2004. Lower
revenue from the Bailey Street operations accounted for
approximately $3.5 million of the overall decline during the
quarter. For the fiscal year, total revenue decreased 1.5% to
$567.5 million from $576.1 million for the prior fiscal year and
same store sales decreased 1.8%. Revenue from non-stores activity
was 4.8% of total revenue for Fiscal 2005 compared to 8.1% in
Fiscal 2004. Lower revenue from Bailey Street accounted for
approximately $8.2 million of the overall decline for the fiscal
year. James D. Carreker, Chairman and Chief Executive Officer
noted, "We were pleased with January's sales results and the
effectiveness of our inventory clearance activities. We believe
that we have addressed the majority of the inventory issues created
by a softer than expected holiday selling season, although gross
margins may have been affected more than planned. Our inventory
management efforts were effective in lowering inventory levels to
the $128 to $132 million range, which allowed us to end the year
with appropriate levels of inventory and open-to-buy capacity. We
have managed our balance sheet well ending the year with no
seasonal borrowings or long-term debt." The Bombay Company, Inc.
designs, sources and markets a unique line of home accessories,
wall decor and furniture through 498 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. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Those
risks are described in the Company's public announcements, reports
to stockholders and SEC filings, including but not limited to
Reports on Forms 10-K, 8-K and 10-Q, copies of which are available
from the SEC or may be obtained upon request from the Company. The
Company undertakes no obligation to revise the forward-looking
statements contained therein to reflect events or circumstances
after the date hereof as a result of new information, future events
or otherwise. FCMN Contact: pmontazeri@us.bombayco.com
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO
http://photoarchive.ap.org/ DATASOURCE: The Bombay Company, Inc.
CONTACT: Elaine D. Crowley, Sr. Vice President, Chief Financial
Officer of The Bombay Company, Inc., +1-817-347-8200 Web site:
http://www.bombaycompany.com/
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