Brookstone (NASDAQ:BKST)
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Brookstone Announces 3-for-2 Stock Split in Form of 50% Stock
Dividend
NASHUA, N.H., April 8 /PRNewswire-FirstCall/ -- Specialty retailer Brookstone,
Inc. today announced that its Board of Directors has approved a 3-for-2 stock
split in the form of a 50 percent stock dividend. Brookstone said the stock
dividend would be paid on April 26, to shareholders of record as of April 19.
"The 3-for-2 stock split underscores the strong performance of our Company to
date and demonstrates the confidence of our Board of Directors and management in
our ability to generate significant increases in earnings per share in 2004 and
beyond," said Brookstone Chairman, President and Chief Executive Officer Michael
Anthony. "We also believe the split will make Brookstone's stock even more
accessible to a broader range of investors who wish to become part of a Company
with significant growth potential."
Brookstone, Inc. is a specialty retailer that operates 271 Brookstone brand
stores nationwide and in Puerto Rico. Typically located in high-traffic regional
shopping malls and airports, the stores feature unique and innovative consumer
products. The Company also operates three stores under the Gardeners Eden Brand,
and a direct marketing business that consists of three catalogs titles --
Brookstone, Hard-to-Find Tools and Gardeners Eden -- as well as e- commerce web
sites at http://www.brookstone.com/ and http://www.gardenerseden.com/.
Statements in this release which are not historical facts, including statements
about the Company's confidence or expectations, earnings, anticipated operations
of its e-commerce sites and those of third-party service providers, and other
statements about the Company's operational outlook, are forward-looking
statements subject to risks and uncertainties that could cause actual results to
differ materially from those set forth in such forward-looking statements. Such
risks and uncertainties include, without limitation, risks of changing market
conditionsin the overall economy and the retail industry, consumer demand, the
effectiveness of e-commerce technology and marketing efforts, availability of
products, availability of adequate transportation of such products, and other
factors detailed from time to time in the Company's annual and other reports
filed with the Securities and Exchange Commission. Words such as "estimate",
"project", "plan", "believe", "feel", "anticipate", "assume", "may", "will",
"should" and similar words and phrases may identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date thereof. The Company undertakes no
obligations to publicly release any revisions to these forward-looking
statements or reflect events or circumstances after the date hereof.
CONTACT:
Philip Roizin
EVP of Finance and Administration
(603) 880-9500
Robert Fusco
Investor Relations
(603) 880-9500
DATASOURCE: Brookstone, Inc.
CONTACT: Philip Roizin, EVP of Finance and Administration, +1-603-880-
9500, or Robert Fusco, Investor Relations, +1-603-880-9500, both of
Brookstone, Inc.
Web site: http://www.brookstone.com/