Sofabed retailer Jennifer Convertibles, Inc. has reported its unaudited financial results for the first fiscal quarter ended November 26, 2005.

For the first quarter, revenue from continuing operations increased by 17.8% to $35.8 million from the $30.4 million reported for the same period last year.

For the first quarter, the company generated net income of $848,000, which included a $195,000 gain from the early termination of a lease for a store which was closed in June 2005 compared with a net loss of $2,465,000 for the same period last year.

Jennifer Convertibles is the owner and licensor of a group of sofabed specialty retail stores in the United States, with 177 Jennifer Convertibles stores and 16 Jennifer Leather stores.