Home High Five Harry & David holds steady
Harry & David holds steady | Print |  Email
Pin It
High Five
Friday, February 05, 2010

Harry & David's revenues for the 13-week period ending Dec. 26 were down 13.2% from the same period a year ago.

But the Medford-based food and gifts company managed a gain, announcing earnings of $31.7 million in the fiscal second quarter of 2010, compared to $30.4 million a year ago. Slashing costs and reducing inventory were key for the earnings bump.

During a conference call with analysts, Harry & David executives said they planned for lower Christmas sales volume, later orders and customers snatching up lower-priced items.
"It was more challenging than we hoped, with later shopping and a shorter sales period," said Bill Williams, president and chief executive officer, "but our inventory management was effective."

Read the full story at the Mail Tribune.
 
BELOW: Current talk on Twitter on this topic
Loading...

    Add comment

    Security code
    Refresh

    Oregon Business magazine

    title-sponsored-links-02
    SPONSORED LINKS

    Lane Powell

    Vernon Promotional Products

    Documart-250px