Financial Reports: CDW, Sharper Image

Record 1Q for CDW

Vernon Hills, IL- based CDW Computer Centers (Nasdaq: CDWC) reported record first-quarter earnings per share and record sales.

For the three months ended March 31, the computer reseller had sales of nearly $1.02 billion, up 2% from $1.00 billion for the first quarter of 2002. Earnings per share were $0.49, an increase of 9% from a year earlier. And net income was $42.4 million, up 4% from $40.8 million for the first quarter of 2002. Public-sector revenue rose 16%, which the company said more than compensated for a slight dip in corporate sales.

Accounting Corrections Boost Sharper Image Earnings When companies report that they’ve had to make accounting corrections, the restated figures usually show a weaker bottom line. But that’s not the case for San Francisco-based Sharper Image (Nasdaq: SHRP). Because of accounting corrections, the cataloger/retailer of high-tech gadgets is reported net earnings for fiscal 2002 of $15.9 million, up from the preliminary report of $15.4 million.

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.