dELIA*s Inc. Reports Operating Results (10-Q)

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Sep 18, 2013
dELIA*s Inc. (DLIA, Financial) filed Quarterly Report for the period ended 2013-08-03.

Delia*s, Inc. has a market cap of $37.1 million; its shares were traded at around $1.11 with and P/S ratio of 0.20. Delia*s, Inc. had an annual average earning growth of 9.3% over the past 5 years.

Highlight of Business Operations:

Retail Store Revenues. Retail store revenues decreased 14.7% to $24.5 million in the quarter ended August 3, 2013 from $28.7 million in the quarter ended July 28, 2012. The retail store revenue decrease was primarily due to a comparable store sales decrease of 14.9% over the prior year period. During the quarter ended August 3, 2013, we relocated one store, ending the period with 103 stores in operation, as compared to 109 stores in operation as of July 28, 2012.

Total Gross Profit. Total gross profit for the quarter ended August 3, 2013 was $6.9 million or 20.9% of revenues as compared to $12.6 million or 31.6% of revenues in the quarter ended July 28, 2012.

Total Selling, General and Administrative. As a percentage of revenues, total selling, general and administrative expenses (SG&A) increased to 51.9% for the quarter ended August 3, 2013 from 45.7% for the quarter ended July 28, 2012. In total dollars, SG&A decreased to $17.2 million in the quarter ended August 3, 2013 from $18.2 million in the quarter ended July 28, 2012. Expenses previously allocated to the Alloy business have been reallocated to continuing operations. These costs were approximately $1.2 million and $1.3 million for the quarters ended August 3, 2013 and July 28, 2012, respectively.

Retail Store Revenues. Retail store revenues decreased 14.6% to $49.2 million in the twenty-six weeks ended August 3, 2013 from $57.6 million in the twenty-six weeks ended July 28, 2012. The retail store revenue decrease was primarily due to a comparable store sales decrease of 11.2% over the prior year period. During the twenty-six weeks ended August 3, 2013, we relocated two stores and closed one store, ending the period with 103 stores in operation, as compared to 109 stores in operation as of July 28, 2012.

Total Gross Profit. Total gross profit for the twenty-six weeks ended August 3, 2013 was $15.3 million or 22.4% of revenues as compared to $25.6 million or 31.6% of revenues in the twenty-six weeks ended July 28, 2012.

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