Sharper Image Reports Sales Results; Direct Marketing Sales Down 69% in April
Thursday, 10 May 2007
Sharper Image Corporation (NASDAQ:SHRP) today reported sales for the month of April and for the first quarter ended April 30, 2007.
April Sales
The company said that for the month ended April 30, 2007, total sales were $21.3 million compared to $33.1 million in the previous year, a decrease of 36 percent.
Total store sales were $14.5 million compared to $16.3 million in the prior April, a decrease of 11 percent. Comparable store sales in April decreased 11 percent.
Total catalog sales/direct marketing sales (including wholesale) were $3.6 million compared to last April’s $11.5 million, a decrease of 69 percent.
Internet sales were $3.2 million compared to last April’s $5.3 million, a decrease of 40 percent.
First Quarter Sales
For the first quarter ended April 30, 2007, total company sales were $65.5 million compared to $104.0 million in the previous year, a decrease of 37 percent.
Total store sales for the first quarter were $44.1 million compared to $56.8 million in the prior year, a decrease of 22 percent. Comparable store sales for the quarter decreased 22 percent.
Total catalog sales/direct marketing sales (including wholesale) for the quarter were $11.3 million compared to $30.1 million, a decrease of 62 percent.
Internet sales for the first quarter were $10.0 million compared to $17.2 million, a decrease of 42 percent.