Gross margins for our retail segment increased to 70% from 68% in the year ago period.
we are pleased with the same store sales gains at our full price stores, which increased by over 70%
Net sales from our retail segment in the first quarter increased 40% to $5.2 million compared to $3.7 million in the prior year comparative period. The growth in retail sales was driven by revenue contribution from growing our store base from 18 to 22 stores in the comparative periods and a 22% same store sales increase. Gross margins for our retail segment increased to 70% from 68% in the year ago period. Retail operating expense increased as a result of additional expenses associated with expanding our store base compared to the prior year period. Overall, for the first quarter, we had operating income of $253,000 compared to an operating loss of $119,000 a year ago for our retail segment.
Mr. Crossman commented, “Our retail stores posted same store sales gains that had a significant contribution to our growth. In particular, we are pleased with the same store sales gains at our full price stores, which increased by over 70%. With the first half of our second quarter underway, we are continuing to see solid same store sales growth in our stores.”
great value here with JJ.
What we need now:
1. some nice insider buys, not stock option awards.
2. analyst upgrades
3. PR about Japan or UK, intl sales incr.
Hey the writing is on the wall, but some still can't see it. maybe they need some new glasses, not beer glasses!!
where can u find 70% margins, debt free, orders of else set to triple for fall
production moving to china to lower overall costs
new stores opening
and the product is in every fashion magazine in the early stages of brand explosion?????
Else made in China which is driving explosive margins
CEO stated in the presentation last month that quality is very good and they are thinking of moving all production to China
That will drive margins and profits even higher
Especially on the high volume of orders this fall
Else orders are tripling for Fall after all
Spend 20 mins listen to conf call.
You wont want to sell a single share of J o e 's
my shares are locked away and I want more!