Stewart deflects focus to product.(Martha Stewart Living Omnimedia 2nd quarter earnings rise)
Home Textiles Today, July, 2002 by Corral, Cecile B.
NEW YORK -- After Martha Stewart Living Omnimedia (MSLO) chairman of the board and ceo Martha Stewart commenced last week's second quarter conference call by requesting that all media and investor questions focus on the earnings report and not on her ongoing federal investigation, updates on the company's merchandising and retail segments became a major focus of the meeting.
Overall for this year's second quarter, revenues increased 16 percent to $78.6 million, compared to $67.8 million in the prior year's quarter; EBITDA increased 38 percent to $16.2 million, compared to $11.8 million in the same period one year ago; and earnings per share from continuing operations increased 40 percent to $0.16 compared to $0.12 in the same quarter of 2001. Earnings per...
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