The Bombay Co

DSN Retailing Today, April 5, 2004 by Mike Duff

The Bombay Co. profit fell to $12.1 million, or 33 cents a share, in the fourth quarter of fiscal 2003, down from $13.8 million, or 41 cents a share, a year earlier. The company warned that it expects a first-quarter loss per share of eight cents to 11 cents--based on negative same-store sales growth and higher infrastructure and marketing cost--versus a consensus of six cents a share loss.

Revenue for the fourth quarter ended Jan. 31 was $211.6 million versus $189.3 million for the prior year. For fiscal 2003, revenue advanced 21%, comps increased 13% and earnings were $10 million or 28 cents per diluted share versus $7.2 million or 22 cents per diluted share a year earlier.