USA: Right Start Net Sales Up 37 Per Cent, Like For Like Falls
The Right Start, Inc (NASDAQ:RTST), today announced results for its second quarter ended July 29, 2000.Consolidated net sales for the thirteen weeks ended July 29, 2000 were $14.7m, an increase of 37.1 per cent over sales of $10.7m for the thirteen weeks ended July 31, 1999. Included in consolidated net sales for the quarter were retail stores sales of $10,757,000, catalog sales of $277,000, online sales, net of promotional discounts, of $3,516,000 and shipping and handling revenues of $144,000. This compares to retail sales of $9,464,000, catalog sales of $869,000, online sales, net of promotional discounts, of $226,000 and shipping and handling revenues of $161,000, for the prior year period. Same store sales, or sales for stores open at least 14 months, decreased 2.5 per cent from the prior period.For the second quarter, the company's consolidated earnings, before interest, taxes, depreciation and amortization, and before new store pre-opening costs, nonrecurring charges, and after minority interest (EBITDA), consisted of a loss of $1,735,000, compared to a loss of $220,000 for the second quarter last year. On an unconsolidated basis for the second quarter, EBITDA was a loss of $113,000 for The Right Start, Inc and a loss of $1,622,000 for
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