Steiner Leisure Ltd. (STNR, Financial) filed Quarterly Report for the period ended 2012-06-30.
Steiner Leisure Limited has a market cap of $643.1 million; its shares were traded at around $40.8 with a P/E ratio of 11.8 and P/S ratio of 0.9. Steiner Leisure Limited had an annual average earning growth of 12.9% over the past 10 years. GuruFocus rated Steiner Leisure Limited the business predictability rank of 3.5-star.
Total revenues increased approximately 17.7%, or $59.6 million, to $396.0 million in the six months ended June 30, 2012 from $336.4 million in the six months ended June 30, 2011. Of this increase, $56.5 million was attributable to an increase in services revenues and $3.1 million was attributable to a increase in products revenues.
Cost of services increased $42.4 million to $225.4 million in the six months ended June 30, 2012 from $183.0 million in the six months ended June 30, 2011. Cost of services as a percentage of services revenues decreased to 79.8% in the six months ended June 30, 2012 from 81.0% in the six months ended June 30, 2011. This decrease was primarily due to the positive impact of Laser Hair Removal activities, which was partially offset by the weak performance of our Schools segment.
Cost of products increased $1.9 million to $79.3 million in the six months ended June 30, 2012 from $77.4 million in the six months ended June 30, 2011. Cost of products as a percentage of products revenue decreased to 69.7% in the six months ended June 30, 2012 from 70.0% in the six months ended June 30, 2011. These decreases were primarily attributable to a difference in the mix of products that were sold onboard the ships in the six months ended June 30, 2012 compared to the six months ended June 30, 2011.
Operating expenses increased $11.7 million to $56.6 million in the six months ended June 30, 2012 from $44.9 million in the six months ended June 30, 2011. Operating expenses as a percentage of revenues increased to 14.3% in the six months ended June 30, 2012 from 13.4% in the six months ended June 30, 2011. This increase is primarily attributed to the inclusion of Ideal Image and Cortiva this quarter.
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Steiner Leisure Limited has a market cap of $643.1 million; its shares were traded at around $40.8 with a P/E ratio of 11.8 and P/S ratio of 0.9. Steiner Leisure Limited had an annual average earning growth of 12.9% over the past 10 years. GuruFocus rated Steiner Leisure Limited the business predictability rank of 3.5-star.
Highlight of Business Operations:
Cost of products decreased $0.3 million to $38.7 million in the second quarter of 2012 from $39.0 million in the second quarter of 2011. Cost of products as a percentage of products revenue decreased to 68.2% in the second quarter of 2012 from 70.0% in the second quarter of 2011. These decreases were primarily attributable to a difference in the mix of products that were sold onboard the ships in the second quarter of 2012 compared to the second quarter of 2011.Total revenues increased approximately 17.7%, or $59.6 million, to $396.0 million in the six months ended June 30, 2012 from $336.4 million in the six months ended June 30, 2011. Of this increase, $56.5 million was attributable to an increase in services revenues and $3.1 million was attributable to a increase in products revenues.
Cost of services increased $42.4 million to $225.4 million in the six months ended June 30, 2012 from $183.0 million in the six months ended June 30, 2011. Cost of services as a percentage of services revenues decreased to 79.8% in the six months ended June 30, 2012 from 81.0% in the six months ended June 30, 2011. This decrease was primarily due to the positive impact of Laser Hair Removal activities, which was partially offset by the weak performance of our Schools segment.
Cost of products increased $1.9 million to $79.3 million in the six months ended June 30, 2012 from $77.4 million in the six months ended June 30, 2011. Cost of products as a percentage of products revenue decreased to 69.7% in the six months ended June 30, 2012 from 70.0% in the six months ended June 30, 2011. These decreases were primarily attributable to a difference in the mix of products that were sold onboard the ships in the six months ended June 30, 2012 compared to the six months ended June 30, 2011.
Operating expenses increased $11.7 million to $56.6 million in the six months ended June 30, 2012 from $44.9 million in the six months ended June 30, 2011. Operating expenses as a percentage of revenues increased to 14.3% in the six months ended June 30, 2012 from 13.4% in the six months ended June 30, 2011. This increase is primarily attributed to the inclusion of Ideal Image and Cortiva this quarter.
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