USA: Big Dog Reports Q2 Sales Increase
Lifestyle products company Big Dog Holdings Inc has reported a consolidated net sales increase to USD43.44 million for the second quarter of 2005, compared to sales of USD41.04m a year ago.
Same-store sales during the quarter fell 2.5 per cent for the Big Dogs chain and increased 18.3 per cent for the TWC chain.
Consolidated fully-diluted net income per share for the second quarter increased to $.18 per share, as compared with a consolidated fully diluted net income per share of $.14 for the second quarter 2004.
Andrew Feshbach, chief executive officer, said: "We are very pleased with the results of our second quarter and improvements over last year and continue to see this trend going into our third quarter for both chains."
Big Dog expects to close its previously-announced acquisition of the assets of shoe retailer Footworks this month.
Big Dog Holdings Inc consists of Big Dogs and The Walking Company. Big Dogs develops, markets and retails consumer products including activewear, casual sportswear, accessories and gifts, while The Walking Company is a specialty retailer of comfort footwear and accessories under brands such as ECCO, Mephisto, Dansko, Birkenstock and Merrell.
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