9/28/12

Web sales grew modestly for Coastal Contacts in Q3

Sales of contact lenses increased, but eyeglasses declined.

Bill Briggs , Senior Editor

Coastal Contacts Inc., an online retailer of contact lenses and eyeglasses, had mixed sales results for the quarter.

For the third quarter ended July 31, Coastal Contacts, No. 110 in the Internet Retailer Top 500, reported:

“We continued to make significant progress in Coastal’s key strategic areas throughout the third quarter,” says Roger Hardy, CEO. “Our core contact lens business continued its stable and predictable growth, generating strong operating margins greater than 10% on a consolidated basis, which the company is using to fund growth in the large and attractive glasses category.”

For the first nine months, Coastal Contacts reported:

Topics:

Coastal, Coastal Contacts, Coastal Contacts earnings, contact lens sales, eyeglasses sales, Q3 2012 financials, Roger Hardy, Top 500

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