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Monday, 16th May 2005 (8904 views)

Fine jeweller Blue Nile has announced first quarter results today, reporting net sales of $44.1 million.<br/><br/>In addition net income was up by 36.6 per cent to $2.6 million, during the period ending April 3rd, 2005.<br/><br/>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. <br/><br/>"These results demonstrate our ongoing ability to drive continued business growth while delivering strong profitability to our shareholders."<br/><br/>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.<br/><br/>In addition, the firm is looking to boost its international presence and focus on profitable growth. <br/><br/>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.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8513395"/>

 

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