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August 2007
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Exhibit 99.1
Contacts: |
Brian W. Bethers |
Robert G. Hunter |
|
President |
CFO |
|
1-800 CONTACTS, INC. |
1-800 CONTACTS, INC. |
|
(801) 316-5000 |
(801) 316-5000 |
|
investors@contacts.com |
investors@contacts.com |
For Immediate Release
1-800 CONTACTS Announces Third Quarter Results
DRAPER, Utah, November 7, 2006 /PRNewswire-FirstCall/ 1-800 CONTACTS, INC. (Nasdaq: CTAC), today reported results for its fiscal 2006 third quarter ended September 30, 2006.
Third Quarter Results
Consolidated net sales for the third quarter ended September 30, 2006 were $64.3 million, compared to $60.9 million for the comparable quarter of the prior year. For the third quarter of fiscal 2006, the Company reported a consolidated net loss of $(1.5) million, or $(0.11) per diluted common share, compared to a consolidated net loss of $(0.6) million, or $(0.04) per diluted common share, for the third quarter of fiscal 2005.
U.S. Retail
Net sales and operating income for the Companys U.S. retail business for the third quarter of fiscal 2006 were $59.2 million and $5.1 million, respectively, compared to net sales of $55.8 million and operating income of $3.4 million for the third quarter of fiscal 2005.
Gross margin for the Companys U.S. retail business decreased to 38.8% for the third quarter of fiscal 2006 from 39.3% for the third quarter of fiscal 2005.
Advertising expense for the third quarter of fiscal 2006 was $2.6 million less than the third quarter of fiscal 2005.
During the third quarter of fiscal 2006, other selling, general and administrative expenses as a percentage of net sales for the U.S. retail business increased to 21.6% from 19.7% in the third quarter of fiscal 2005.
ClearLab
Net sales and operating loss for ClearLab, the Companys international contact lens manufacturing business, for the third quarter of fiscal 2006 were $5.1 million and $(4.6) million, respectively, compared to net sales of $6.0 million and an operating loss of $(1.4) million for the third quarter of fiscal 2005. ClearLabs net sales for the third quarters of fiscal 2006 and 2005 included $1.0 million in license fees from the
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1 800 Contacts Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:
CIK: 1050122
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-06-073388
Submitted to the SEC: Thu Nov 09 2006 1:05:07 PM EST
Accepted by the SEC: Thu Nov 09 2006
Period: Saturday, September 30, 2006
Industry: Retail Catalog And Mail Order Houses