Bakers Footwear reports Q4 and FY2004 results
Bakers Footwear Group, specialty retailer of fashion footwear for young women, has announced results for the fourth quarter and fiscal year ended January 1, 2005.
Net sales in the fourth quarter were $45.7 million up from $43.7 million in the same period last year. Comparable store sales in the fourth quarter decreased 1% compared to the year-earlier period. Gross profit was $17.3 million, or 37.8% of sales, compared to $16.5 million, or 37.7% of sales, in the 2003 fourth quarter. The company's net profit in the fourth quarter was $3.1 million versus a net profit of $5.2 million in the same period a year ago.