Jennifer Convertibles posts higher revenue
11/04/2007
US-based sofabed and leather furniture retailer Jennifer Convertibles, Inc. has reported a 1.6% increase in revenue from continuing operations for the second quarter ended February 24. Revenue rose to $33.4 million from the $32.9 million reported for the same period last year. However, for the six-month period, revenue from continuing operations decreased 3.6% to $66.2 million from $68.7.
Net income for the quarter increased to $1,258,000 compared with $554,000, whilst for the six-month period, net income fell to $621,000 from $1,401,000.
Jennifer Convertibles claims to own and license the largest group of sofabed specialty retail stores in the
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