Brookstone Announces Q4 and Yearly Sales, Reaffirms Earnings Guidance for Record Year
February 03 2005 - 7:00AM
PR Newswire (US)
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/
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