Brookstone Narrows Loss in Second Quarter
August 16, 2011,
MERRIMACK, N.H.-Brookstone slimmed its second-quarter net loss to $13.6 million from $19.1 million in last year's second quarter.
Sales and gross margin improved in the quarter, which ended on July 2. Net sales rose 12 percent to $85.5 million, including a gain of 9.8 percent in same-store sales, and gross margin increased by 251 basis points to 25.1 percent. Selling, general and administrative expenses increased 1 percent in dollars and shed 382 basis points as a percentage of sales, to 35.1 percent.