Sharper Image Revenue Jumps 24 Percent

Specialty retailer Sharper Image Corp. (Nasdaq: SHRP) tallied a 24 percent spike in revenue for the quarter ended June 30.

Company-wide revenue totaled $102.4 million, compared with $82.8 million a year prior. Comparable store sales increased 5 percent. Catalog sales increased 33 percent to $29 million from 2001’s corresponding period, which tallied $21.8 million. Internet sales, including auction sales, increased 23 percent to $12.2 million, compared with $9.9 million a year prior. The second quarter net loss of $600,000, or 5 cents per share, is a 26-cent per-share improvement compared with a net loss of $3.7 million, or 31 cents per share, a year prior.

Each major sales channel – stores, Internet, and catalog including television infomercials – enjoyed double-digit percentage increases over last year, said Richard Thalheimer, founder, chairman and chief executive officer of the San Francisco-based company.

“The success of our proprietary Sharper Image Design and private-label products allowed us to achieve these sales gains at a quarterly gross margin rate of 55.7 percent, a significant improvement of 3.7 percentage points over last year’s second quarter,” he added.

Sharper Image Revenue Jumps 24 Percent


coming soon!

Subscribe for updates on THE LEGEND OF SHARPER IMAGE and receive a monthly short story with Richard’s Insights from decades of experience interacting with people, products and expanding his passions.