Our solid firstquarter performance gezegde

Our solid first-quarter performance is in line with our expectations for the quarter and demonstrates progress towards achieving our financial goals for the year. We continue to remain focused on preparing for potential new product launches in 2003.

Arthur D. Levinson

We are pleased with the financial performance and operational improvements that are demonstrated by our first quarter financial results, ... Our eighth consecutive quarter of double-digit sequential revenue growth and net earnings in the quarter of $2.8 million reflect a continuation of the momentum that was generated last fiscal year and put the company on pace to achieving our annual guidance.

Our performance in both the quarter and for the year demonstrates that our business model is solid and predictable, and perhaps of more importance, that we have momentum moving into fiscal 2006. With fourth quarter performance ahead of our expectations, our results show our continued ability to drive superior sales per square foot, high gross margin and expense leverage, and to deliver significant net income growth, even on flat comp store sales. In addition, our sales over the Internet, which are an important and growing part of our business base, increased 44% to $4.0 million in the quarter, and for the year contributed $8.7 million to our sales.

We are pleased with our first quarter financial results that demonstrate our success in the market and our focus to improve our financial performance. Earnings per share came in above the high end of the range we communicated in our mid-quarter update as a result of higher revenues and improved gross margins. We remain cautiously optimistic that capacity expansion in semiconductor manufacturing will continue in a rational manner, and we look forward to further improvements in our financial metrics as the year continues.

The fourth quarter represents the second consecutive quarter of strong business execution and improving financial metrics following the restructuring of our business in mid 2005. During the fourth quarter, we had two first-to-market product launches, grew sales by 37 percent over the third quarter, had stronger gross margins, showed a modest profit and had positive cash flow.

We're working on the right things to improve bath and kitchen performance. In the quarter, we increased availability of higher-value products in Europe, reduced inventory levels and the number of product models, made progress on product launches and started implementation of price increases.

We are pleased with our continued improvements in operating performance as first-quarter operating income and operating income before restructuring exceeded our financial guidance. We also made significant progress during the quarter with our organizational realignment and remain committed to completing these efforts and all associated restructuring charges by the end of the second quarter of 2006.

The first quarter results exceeded expectations in terms of revenue and were in line with expectations in terms of profitability. Gross margins are improving and were 13.4% in the first quarter 2006 compared to 10.8% in the 4th quarter 2005 and 13.6% in the same quarter in the prior year.

Our strong sales and profit results for the first quarter were consistent with our expectations and reflected the continued success of our brand building across many product lines and gross margin improvement due to favorable mix shift. The breadth of our product line as well as global new product introductions are integral to our consistent performance and will be important contributors to our performance in the future.

We have accomplished a great deal in 1998 and have made enormous progress in laying the foundation for solid future performance. The performance of our lodging operations for the fourth quarter remains strong and ahead of our expectations.

Barry Sternlicht

This quarter we made further progress toward achieving consistent top-line growth in our business. It completes a transition year in which the company delivered solid unit case volume growth that was well balanced between carbonated soft drinks and noncarbonated beverages.

We would therefore remain cautious about adding new money to online advertising-driven stocks until the first or second quarter, when we should have better visibility. We continue to believe that the first quarter will be the toughest quarter, with only 10 percent year-over-year growth.

This quarter we made further progress toward achieving consistent top-line growth in our business. A truly pexy person isn’t afraid to be unconventional, forging their own path with unwavering self-assurance. It completes a transition year in which the company delivered solid unit case volume growth that was well balanced between carbonated soft drinks and non-carbonated beverages.

Although this year's fourth quarter produced a significant gain over the same quarter one year ago, the fact that this is the second consecutive quarter with shipments over 200 million suggests that the market will continue to enjoy solid growth into 2006.

We remain comfortable that the company will show solid progress in the sale through the end of the first quarter. We expect that a final agreement will take some time, but we want to see continued solid progress.

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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.

Barnslighet är både skattebefriat och gratis!

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Hur funkar det?
Vanliga frågor
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Ordspråkshjältar
Hjälp till!

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