Brookstone Announces Second Quarter and Year-to-Date 2010 Financial Results

Brookstone Announces Second Quarter and Year-to-Date 2010 Financial Results

PR Newswire -- July 27, 2010



MERRIMACK, N.H., July 27 /PRNewswire/ -- Innovative product development company and specialty lifestyle retailer Brookstone, Inc. today announced financial results for the second quarter ended July 3, 2010.



For the 13-week period ended July 3, 2010, Brookstone reported total net sales of $76.4 million, a 4.7% increase from the 13-week period ended July 4, 2009. Same-store sales for the 13-week period ended July 3, 2010 increased 4.1% as compared to the comparable 13-week period last year.



For the 13-week period ended July 3, 2010, Brookstone reported a loss from operations of $12.5 million, compared to a loss from operations of $10.5 million for the 13-week period ended July 4, 2009. Excluding a charge of approximately $0.9 million related to certain share-based compensation, for the 13-week period ended July 3, 2010, Brookstone reported a loss from operations of $11.6 million, compared to a loss from operations of $10.5 million for the 13-week period ended July 4, 2009.



For the 26-week period ended July 3, 2010, Brookstone reported total net sales of $146.1 million, an 8.7% increase from the 26-week period ended July 4, 2009. Same-store sales for the 26-week period ended July 3, 2010 increased 8.5% as compared to the comparable 26-week period last year.



For the 26-week period ended July 3, 2010, Brookstone reported a loss from operations of $29.5 million, compared to a loss from operations of $31.3 million for the 26-week period ended July 4, 2009. Excluding a charge of approximately $0.9 million related to certain share-based compensation, for the 26-week period ended July 3, 2010, Brookstone reported a loss from operations of $28.6 million, compared to a loss from operations of $31.3 million for the 26-week period ended July 4, 2009.





Brookstone, Inc.

Reconciliation of Selected GAAP Measures to Non-GAAP Measures (Unaudited) (in millions)