Brookstone (NASDAQ:BKST)
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Brookstone Announces Q4 and Yearly Sales, Reaffirms Earnings
Guidance for Record Year
MERRIMACK, N.H., Feb. 3 /PRNewswire-FirstCall/ -- Specialty retailer
Brookstone, Inc. (NASDAQ:BKST) today announced total sales for the fourth
quarter and fiscal year ended January 29, 2005, as well as earnings guidance
for the year.
Total sales for the 13-week fourth quarter ended January 29, 2005, rose 8.5
percent to $238 million, compared to $219 million last year. Same-store sales
for the 13-week period were flat compared to last year, while sales in Direct
Marketing rose 24.5 percent to $47 million on a 46.7 percent increase in
circulation.
For the 52-week period ended January 29, 2005, Brookstone total sales climbed
14.9 percent to $499 million, compared to $434 million last year, while
same-store sales for fiscal year 2004 rose 6.3 percent. Direct Marketing sales
climbed 20.8 percent to $91 million, on a 41.5 percent increase in circulation.
Brookstone Chairman, President and Chief Executive Officer Michael Anthony
said: "Overall, we are pleased with our performance in 2004, particularly our
6.3 percent increase in same-store sales and the significant growth of our
Direct Marketing segment. In 2004, we experienced successful new-product
introductions in several key categories and enjoyed strong bottom-line
success."
Mr. Anthony concluded: "Based on our overall performance in 2004, we reaffirm
our previous earnings guidance of $1.03 to $1.07 per diluted share, an increase
of approximately 20 percent over last year's record profit. Furthermore, we
believe our 2004 results leave us well-positioned for success in 2005."
Brookstone, Inc. is a product development and specialty retail company that
operates 288 Brookstone Brand stores nationwide and in Puerto Rico. Typically
located in high-traffic regional shopping malls, lifestyle centers and
airports, the stores feature unique and innovative consumer products. The
Company also operates five stores under the Gardeners Eden Brand, and a direct
marketing business that consists of three catalog 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 conditions in 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, or Robert
Fusco, Investor Relations, both of Brookstone, Inc., +1-603-880-9500
Web site: http://www.brookstone.com/