Blue Nile Fourth Quarter Sales Up 24%

Blue Nile, Inc. said revenue for its fourth quarter, ended Dec. 30, 2007, grew approximately 24 percent, year-over-year.
“2007 was a great year for Blue Nile, and the holiday quarter was no exception,” said Mark Vadon, chief executive officer of the Seattle-based Internet diamond and jewelry retailer. “While we have not previously released our fourth quarter sales results in advance of our earnings announcement date, we felt it was important to share this information given the industry data that has been released recently. Over the past week, a number of large jewelry retailers have reported negative same store sales results for the holiday season.
Vadon added, “We are extremely pleased with our fourth quarter sales results, particularly given concerns about the macro economic environment. In addition, we anticipate reporting strong profitability for the fourth quarter in our upcoming earnings announcement. We believe we are well positioned to continue to gain market share despite the difficulties that are being experienced within the jewelry industry.”
Blue Nile will report fourth quarter and fiscal year 2007 financial results on Feb. 12.