Jewelry Company Sees 20% Sales Growth This Year, 30 New Stores in China by end of 2005
June 15, 2004 (Press Release) --
LJ International Raises Financial Guidance, Announces Expansion Plans
Jewelry Company Sees 20% Sales Growth This Year, 30 New Stores in China by end of 2005
LJ International, Inc. (LJI) (Nasdaq: JADE), one of the fastest-growing fine jewelry companies in the world, today provided new guidance for sales and earnings for 2004 and 2005.
LJI also said it expects both sales and EPS to grow at a significantly faster rate in 2005, with total revenues of $87-$91 million, up 28%-30% from 2004, and EPS of $0.33, up 50%. The sales acceleration is expected to be fueled by the rapid expansion of LJI’s new China Division, which opened its first store in March of this year and is expected to have approximately 40 stores in operation by the end of 2005. LJI also reiterated its earlier guidance for the second quarter of 2004. It expects sales to total between $13.5 million and $14.0 million, or 12% to 21% above the $11.6 million reported in the second quarter of 2003.
For full details: http://www.investorideas.com/LJ_International/NewsReleases.asp
Jewelry Company Sees 20% Sales Growth This Year, 30 New Stores in China by end of 2005
LJ International, Inc. (LJI) (Nasdaq: JADE), one of the fastest-growing fine jewelry companies in the world, today provided new guidance for sales and earnings for 2004 and 2005.
LJI also said it expects both sales and EPS to grow at a significantly faster rate in 2005, with total revenues of $87-$91 million, up 28%-30% from 2004, and EPS of $0.33, up 50%. The sales acceleration is expected to be fueled by the rapid expansion of LJI’s new China Division, which opened its first store in March of this year and is expected to have approximately 40 stores in operation by the end of 2005. LJI also reiterated its earlier guidance for the second quarter of 2004. It expects sales to total between $13.5 million and $14.0 million, or 12% to 21% above the $11.6 million reported in the second quarter of 2003.
For full details: http://www.investorideas.com/LJ_International/NewsReleases.asp
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