Bombay Announces March Revenue
05 Abril 2006 - 7:16PM
PR Newswire (US)
FORT WORTH, Texas, April 5 /PRNewswire-FirstCall/ -- The Bombay
Company, Inc. (NYSE:BBA) reported today that total revenue for the
five-week period ended April 1, 2006 declined 2.1% to $45.4 million
compared to $46.4 million for the five-week period ended April 2,
2005. Same store sales for stores opened more than 12 months
decreased 1.7% compared to the comparable five-week period of the
prior year. Revenue from non-store activity was 8.2% of the month
compared to 7.4% for the same period last year. Growth in the
direct-to-customer business and the international wholesale
operations more than offset the decline in revenue from the Bailey
Street operations, the assets of which were sold during Fiscal
2005. Current year results reflect the favorable impact of the
shift in the calendar, which resulted in Easter moving from March
during Fiscal 2005 to April in Fiscal 2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO ) For the
nine-week periods ended April 1, 2006, total revenue declined 0.9%
to $80.5 million compared to $81.2 for the comparable prior year
period while same store sales increased 0.8%. Revenue from
non-store activities was 6.6% of total revenue for the nine-week
period compared to 7.6% in the corresponding period of last fiscal
year. Growth in direct-to-customer and International revenue
partially offset lower revenue from the Bailey Street operations,
which accounted for approximately $2.3 million of revenue during
the prior period last year. Sales trends improved significantly
toward the back half of the month and were driven by selective
promotions of certain key categories. On a relative basis, the
furniture category outperformed accessories and wall decor. The
average ticket and average unit retail both increased double digit
while retail traffic declined. The Bombay Company, Inc. designs,
sources and markets a unique line of home accessories, wall decor
and furniture through 486 retail outlets, specialty catalogs and
the Internet in the U.S. and internationally. Any statements in
this press release that may be considered forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Those risks are described in the
Company's public announcements, reports to stockholders and SEC
filings, including but not limited to Reports on Forms 10-K, 8-K
and 10-Q, copies of which are available from the SEC or may be
obtained upon request from the Company. The Company undertakes no
obligation to revise the forward-looking statements contained
therein to reflect events or circumstances after the date hereof as
a result of new information, future events or otherwise. For
Further Information Contact: Elaine D. Crowley Sr. Vice President,
Chief Financial Officer (817) 347-8200
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO
http://photoarchive.ap.org/ DATASOURCE: The Bombay Company, Inc.
CONTACT: Elaine D. Crowley, Sr. Vice President, Chief Financial
Officer of The Bombay Company, Inc., +1-817-347-8200 Web site:
http://www.bombaycompany.com/
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