Martha Stewart Earnings Rise 25% for 3Q

Share this content:
Martha Stewart Living Omnimedia reported a 25 percent rise in third-quarter earnings yesterday, which it said resulted from new lines of business and cost controls.


The book, magazine and catalog publisher also announced multi-year merchandising partnerships with Bernhardt Furniture and Shaw Industries to design and market home furniture and floor coverings bearing the Martha Stewart Signature label.


According to MSO, its third-quarter net income jumped to $4.8 million, or 10 cents per share, from $3.8 million, or 8 cents per share, for the same period last year. It announced a revenue increase of 13 percent to $69.6 million.


For the nine months ended Sept. 30, 2001, revenue rose 5 percent to $210.6 million from $200.2 million in the comparable period last year. Earnings per share for the first nine months of 2001 were 33 cents, up from 31 cents for the first nine months of 2000.


Income from operations for third-quarter 2001 increased 41 percent to $7.4 million from $5.2 million.


For the nine-month period, net income rose 5 percent to $16.2 million, up from $15.4 million in 2000.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here