Henry Schein 1Q net income up 40%
Medical, dental, and veterinary supplies cataloger Henry Schein (Nasdaq: HSIC) improved its first-quarter bottom line 40% on a 9% rise in net sales. For the three months ended March 30, the Melville, NY-based marketer posted net income of $19.7 million on net sales of $647.1 million. For the first quarter of last year, net income had been $14.1 million on net sales of $593.9 million.
Within its dental supplies group, sales rose 10%, to $295.3 million. Sales of medical supplies grew 15%, and veterinary sales increased 8%. Combined medical and veterinary sales reached $231.4 million. (Henry Schein now reports veterinary revenue with that of the medical division.)
International net sales were $105.8 million, a 3% increase in U.S. dollars and a 6% increase in local currencies.
Sharper Image looks sharp in 1Q High-tech gadgets marketer Sharper Image Corp. (Nasdaq: SHRP) grew first-quarter catalog sales 60% and overall sales 34%. At the same time, the San Francisco-based cataloger/retailerexpects to whittle its first-quarter net loss from $0.23 per share last year to $0.03-$0.05 loss per share.
The company reported total net sales for its fiscal first quarter of $90.3 million. Catalog sales accounted for $28.8 million of that revenue. Internet sales totaled $11.5 million, an 18% increase from last year. Comparable store sales rose 12%.