Net sales of the company increased by 6.8% to $ 103.7 million compared to the same period last year. Operating profit for the first three months was $ 1.6 million, an increase of 25% compared to the first quarter of 2013 ($ 1.2 million). Operating margin also increased by 25%, from 1.2% to 1.6%.
The net profit of Blue Nile in the first quarter was $ 1.1 million, or $ 8 cents per share, up 29.7% over the same quarter last year.
"We continue to adhere to a sustainable course for the implementation in 2014 of three key initiatives - improving the quality of customer service, developing product lines in the wedding and diamond market segments, as well as accessory lines through the" Collective Designer "program, expanding on the international market by ensuring our presence in the China and growing coverage of existing markets, "said Harvey Kanter, president and CEO of Blue Nile. "Due to this, we intend to become no less than the leading global retailer of wedding and other jewelry."
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