USA: David's Bridal Second Quarter Earnings Rocket By 40.5 per cent
David's Bridal, Inc. (Nasdaq:DABR), reported net income of $4,923,000, or $0.25 per diluted share, for the quarter ended July 1, 2000, compared to $3,505,000, or $0.19 per diluted share, in the year-ago period. Second quarter revenues increased 31.6 percent to $65.5 million in 2000, on an 11.2 percent gain in comparable store sales. Operating income increased to $7.7 million, versus $5.7 million in the second quarter of 1999. Net income was $11,664,000, or $0.59 per diluted share, for the twenty-six weeks ended July 1, 2000, compared to $8,075,000, or $0.43 per diluted share, in the year-ago period. Revenues for the period increased 32.6% to $141.3 million, on a 10.3 percent gain in comparable store sales.
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