4Q, Full-Year Sales Up At Brookstone

Fourth-quarter sales for Merrimack, NH-based tools and gadgets merchant Brookstone rose 13.3%, to $256 million, for the three months ended Dec. 30. That figure is up from $199.6 million in the fourth quarter of 2005. Same-store sales for the period increased 6.7%. Net income grew 45% for the quarter, to $34.1 million, up from $23.5 million in the fourth quarter of 2005.

Full-year sales increased 9.3%, to $512 million. Same-store sales inched up 1.8%. After a net loss of $3.6 million in 2005, Brookstone rebounded with a net income of $1.6 million in fiscal 2006. CEO Lou Mancini said: “We are pleased with our fourth quarter results. All our segments recorded strong gains in both sales and earnings. Many of the product, sales and marketing initiatives we put into place in 2006 were successful. We ended the year with a cash position of $72 million as of December 30, 2006 and no cash borrowings under our $100 million asset-backed credit facility. We believe we are well positioned for 2007.”

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.