Schein Earnings Up 17%
Melville, NY-based medical, dental and veterinary supplier Henry Schein (NasdaqNM: HSIC) posted a 17% increase in first-quarter earnings thanks to a 24% jump in sales.
For the three months ended March 26, Schein netted a record $33.3 million, up from $28.4 million a year ago. Net sales rose 24%, to a record $1.10 billion from $886.6 million.
Dental sales increased 22%, while medical sales increased 4%, international sales grew 72%, and technology and value-added services sales increased 8%.
Bluefly Trims Operating Loss
A 21% increase in revenue and reduced selling, general, and administrative expenses led New York-based online apparel discounter Bluefly (Nasdaq SmallCap: BFLY) to trim its first-quarter operating loss 48%.
For the three months ended March 31, Bluefly posted a net loss of to $893,000, compared with a $1.1 million net loss for the first quarter of last year. Gross profit increased by 29%, $4.9 million from $3.8 million.
Revenue totaled $13.5 million, up nearly 22% from $11.1 million a year ago.