The Vitamin Shoppe Announces Comparable Store Net Sales and Total Net Sales for the Fourth Quarter and Year Ended December 30, 2006.NORTH BERGEN North Ber·gen A community of northeast New Jersey north of Jersey City and across the Hudson River from Manhattan Island. Population: 59,500. , N.J. -- The Vitamin Shoppe announced today its 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 results for the fiscal fourth quarter and year ended December December: see month. 30, 2006. Unless otherwise stated, the net sales results presented for the fourth quarter and year ended December 30, 2006 are based on a 13-week and 52-week period, respectively, while the net sales results for the fourth quarter and year ended December 31, 2005 are based on a 14-week and 53-week period, respectively. The additional week in fiscal 2005, reflected in fourth quarter 2005 results, represented approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $8.7 million in net sales. Total net sales for the company increased $3.5 million, or 3.0%, to $120.3 million for the thirteen-week period ended December 30, 2006 as compared with $116.8 million for the fourteen-week period ended December 31, 2005. Comparable store net sales for the fiscal quarter ended December 30, 2006 increased 6.7%. The company also announced that it opened 11 stores during the fourth quarter of 2006. Total net sales for the company increased $49.2 million, or 11.3%, to $485.7 million for the 52-week period ended December 30, 2006 as compared with $436.5 million for the 53-week period ended December 31, 2005. Comparable store net sales for the fiscal year ended December 30, 2006 increased 6.6%. The company also announced that it opened 32 stores during fiscal 2006 and closed one store where a lease had expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. , ending the fiscal year with a base of 306 stores. [TABLE OMITTED] The above amounts represent preliminary unaudited net sales results for the fiscal fourth quarter and year ended December 30, 2006. The Vitamin Shoppe expects to report audited results for the fiscal year ended December 30, 2006 in its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. to be filed with the Securities and Exchange Commission in March 2007. |
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