Gaiam posts 11.5-percent increase in Q1 revenue
Gaiam (Nasdaq: GAIA) reported an 11.5-percent increase in first-quarter revenue as both its direct-to-consumer and business segments posted positive results.
For the quarter ended March 31, revenue was $65.2 million, up from $58.5 million in the same period last year. Revenue for Gaiam's direct-to-consumer segment increased 13.8 percent to $38.8 million. Revenue for its business segment went up 8.2 percent to $26.4 million.
Gross profit increased to $41.0 million, or 62.9 percent of revenue, from $37.5 million, or 64.1 percent of revenue, in the comparable period last year. The change in gross margin reflects the company's investment in the lower margin solar business, it said.
Operating income for the first quarter of 2008 increased 64.1 percent to $2.7 million, or 4.1 percent of revenue, compared to $1.6 million, or 2.8 percent of revenue for the first quarter of 2007.
Net income increased 26.3 percent to $2.2 million, compared to net income of $1.8 million for the first quarter a year ago. Earnings per share increased 28.6 percent to $0.09 per share from $0.07 per share in the first quarter of 2007. Depreciation and amortization for the first quarter of 2008 was $2.5 million.
During the first quarter, Gaiam increased its branded store-within-store presentations to more than 7,100 retail doors, up from 6,000 at the end of the first quarter of 2007, and grew its number of overall retail doors to 71,000 as of March 2008.
Costco April same-store sales rise 8 percent
Costco (Nasdaq: COST) reported an 8-percent increase in its April same-store sales. Excluding gas price inflation, same-store sales would have climbed 5 percent, the company said.
Total sales for the period ended May 4 grew 12 percent to $5.54 billion from $4.94 billion.
The company will report third-quarter financial results on May 29.
Wal-Mart same-store sales for April up 3.2 percent
Wal-Mart Stores (NYSE: WMT) said same-store sales for the month of April rose 3.2 percent. Including fuel, same-store sales climbed 3.8 percent.
Same-store sales rose 2.6 percent at namesake Wal-Mart stores and 6.6 percent at Sam's Club, excluding fuel.
Total sales for the four weeks ended May 2 rose 10 percent to $29.18 billion.
The company said it expects May sales would be somewhere between flat and up 2 percent.
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