Business News • MarketWire • New Look Eyewear Inc. Announces Record Revenues for the Fourth Quarter and the Year Ended December 28 of 2013 and its Quarterly Dividend |
New Look Eyewear Inc. Announces Record Revenues for the Fourth Quarter and the Year Ended December 28 of 2013 and its Quarterly Dividend |
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New Look Eyewear Inc. Announces Record Revenues for the Fourth Quarter and the Year Ended December 28 of 2013 and its Quarterly Dividend
MONTRÉAL, QUÉBEC--(Marketwired - March 12, 2014) - New Look Eyewear Inc. (TSX:BCI) ("New Look") announced today that revenues for the fourth quarter ended December 28, 2013 reached a record of $25.6 million, an increase of 22.5% over the corresponding period of last year. This increase was due to a comparable store increase of 3.5%, increasing revenues generated by six new stores opened or acquired over the past 24 months and the acquisition of the assets and business of Vogue Optical Inc. on December 2nd, 2013. EBITDA(1) for the fourth quarter was $3.8 million, compared to $5.0 million last year, a decline of $1.2 million which is mainly attributable to the acquisition costs of $0.9 million related to the acquisition of Vogue Optical and other developments. Consequently, net earnings attributable to shareholders for the quarter were $1,321,000 ($0.11 per share(2)) compared to $2,160,000 last year ($0.21 per share(2)). Fourth quarter operating cash flows (before changes in working capital items) amounted to $3.9 million compared to $4.6 million last year.
View More : http://www.marketwired.com/mw/release.do?id=1888299&sourceType=3
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