RedEnvelope 3Q Sales, Income Up

Third-quarter net revenue for San Francisco-based gifts cataloger RedEnvelope increased 7.5%, to $57.0 million for the three months ended Dec. 31, 2006. Net income for the third quarter rose 29%, to $5.3 million from $4.1 million the previous year.

“The third quarter of fiscal 2007 marked another quarter of improving profitability and solid sales growth,” CEO Ken Constable said in a release. “Our third-quarter results reflect our team’s exhaustive preparations and meticulous execution of our holiday readiness plan.”