Coastal Financial Results for 2013 are here .........................................

[Chris Ryser]

Here are the results as announced January 21st :

Fiscal 2013 Financial Highlights

• Sales grew $22 million to $217.6 million, an 11% year-over-year increase.
• Gross profit was $90.9 million or 42% of sales compared with $84.5 million
• or 43% during the same period in 2012, primarily attributable to the expansion of our North American glasses infrastructure.
• Fulfillment expenses improved to $20.3 million or 9% of sales compared to $19.2 million or 10% of sales during the same period in 2012.
• General and administrative expenses improved to $22.5 million or 10% of sales compared to $20.9 million or 11% of sales during the same period in 2012.
• Selling and marketing expenses were $63.2 million or 29% of sales compared with $47.9 or 25% of sales during the same period in 2012.
• Cash and equivalents were $22.4 million compared with $19.2 million at October 31, 2012.

Glasses Business for fiscal 2013

• Sales totaled $57.8 million, a 21% year-over-year increase.
• Shipped 892,723 frames during the fiscal year.
• Average order value increased 34% to $77.
• Gross profit was $26 million or 45% of sales.
• USA returning glasses customer average order sizes increased 96% to $142 during the fourth quarter.
• Canada returning glasses customer average order value increased 35% to $174 during the fourth quarter.

See at ------------> http://investors.coastalcontacts.com...s/default.aspx


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