Monday, 16th May 2005 (4078 views)

Fine jeweller Blue Nile has announced first quarter results today, reporting net sales of $44.1 million.

In addition net income was up by 36.6 per cent to $2.6 million, during the period ending April 3rd, 2005.

Mark Vadon, CEO of Blue Nile, said: "Blue Nile delivered excellent sales and earnings growth, reflecting the strength in execution of our differentiated business model.

"These results demonstrate our ongoing ability to drive continued business growth while delivering strong profitability to our shareholders."

The company believes it is on track to meet goals for this year and it is hoping to focus on expanding the brand and its market share.

In addition, the firm is looking to boost its international presence and focus on profitable growth.

Items available at Blue Nile include wedding rings and anniversary rings, earrings, bracelets, necklaces and pendants, available in precious metals including 18-carat white or yellow gold.

 

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