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Brookstone Announces Third Quarter Sales.


NASHUA, NH--(BUSINESS WIRE)--November 6, 1997--Brookstone, Inc. (Nasdaq: BKST) today announced sales for the third quarter and nine months ended November 1, 1997.

Total sales for the third quarter of fiscal 1997 increased 10.8% to $38.8 million compared to $35.0 million for the third quarter of last year. Same store sales for the period increased 4.5%. During the quarter, Brookstone opened 6 new stores for a year-to-date total of 12 stores, including 2 airport locations. The balance of the Company's 1997 expansion schedule remains on track for a total of 16 new regular-format stores, 4-6 airport stores, and 130-140 holiday seasonal stores.

Total sales for the first nine months of fiscal 1997 increased 10.5% to $116.8 million compared to $105.7 million for the first nine months of last year. Same store sales for the first nine months increased 3.3%.

Michael Anthony, President and Chief Executive Officer, stated, "We are pleased with this past quarter's performance. With new products continuing to contribute strongly to same store sales increases, we believe we are well positioned for the holiday selling season as we enter the fourth quarter. We also look forward to the November opening of our 57th Street Manhattan flagship store."

Brookstone, Inc. is a nationwide specialty retailer that operates 170 stores in 35 states and the District of Coluerates a mail order catalog business for hard-nd Administration

(603) 880-9500

-or-

Morgen-Walke Associates

Naomi Rosenfeld/Carolyn Capaccio

Media Contact: Stacy Berns/Jeff Siegel

(212) 850-5600

KEYWORD: NEW HAMPSHIRE

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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 6, 1997
Words:258
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