Design Within Reach, Inc. Preannounces Third Quarter 2004 Results; Third Quarter Net Sales Increase 46% EPS of $0.06 per Diluted Share.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Design Within Reach, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DWRI DWRI Developmental Writing (college course) ) today announced that it will report net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the third quarter ended September 25, 2004 of $30.1 million. This is an increase of 46.0% from $20.6 million recorded in the third quarter of 2003. Net earnings for the third quarter of 2004 were $906,000, including a non-cash, stock based compensation charge of $149,000. This represents $0.06 per diluted share. "We are pleased with our third quarter performance," said Wayne Badovinus, President and Chief Executive Officer. "Design Within Reach's integrated, multi-channel operating platform enabled us to generate strong sales in our studios, through the phone and on the Design Within Reach website. We continue to execute our strategy to maximize market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and ended the quarter with 29 studios open versus 14 studios a year ago." More information will be available on October 28, 2004 when the company releases a full earnings report after the market closes and conducts its quarterly earnings conference call at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be broadcast live over the Internet and accessible through the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of the Company's website at www.dwr.com. About Design Within Reach, Inc. Design Within Reach, Inc., founded in 1998 and headquartered in San Francisco, is an integrated multi-channel provider of distinctive modern design furnishings and accessories. The Company markets and sells its products to both residential and commercial customers nationwide through the DWR catalog, studios, website and direct sales force, and a single common "in stock and ready to ship" inventory. "Design Within Reach" is a registered trademark of Design Within Reach, Inc. |
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