May 5, 2005, 12:00 AM

Blue Nile’s Q1 revenue grows 23% to $44.1 million

First quarter sales at online jeweler Blue Nile Inc. reached $44.1 million, up 23.3% from $35.8 million in the first quarter of 2004, the company reports. Net income in the first quarter increased 36.6% to $2.6 million from $1.9 million a year earlier.

 

First quarter sales at online jeweler Blue Nile Inc. reached $44.1 million, up 23.3% from $35.8 million in the first quarter of 2004, the company reports. Net income in the first quarter increased 36.6% to $2.6 million from $1.9 million a year earlier.

"Blue Nile delivered excellent sales and earnings growth, reflecting the strength in execution of our differentiated business model," said Mark Vadon, CEO. "These results demonstrate our ongoing ability to drive continued business growth while delivering strong profitability to our shareholders. We are pleased with all areas of our business, and we are well positioned to deliver on our 2005 goals."

"Through the balance of 2005, we will continue to focus on building our brand and expanding our market share in our core customized diamond jewelry business in the U.S. We intend to expand our international presence in Canada and in the UK.”

The company says it expects second quarter sales to be between $41.5 million and $43.5 million with full-year sales reaching $200 million to $212 million.

 

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Wendy Wallner / Mobile Commerce

How retailers can make their mobile apps ‘stickier’

An app should be the easiest way to make a purchase, and offer other benefits, ...

FPO

Emily Carrion / Mobile Commerce

5 ways retailers can spiff up their mobile apps for the holidays

Effective apps not only boost sales, they provide an easy way to obtain customer feedback.

Advertisement