IDEX Online Research: Blue Nile Picks Up Market Share in 2009 IDEX Online
Management’s outlook for the early part of 2010 is bullish. While the company did not forecast annual revenues or profits, it did predict that first quarter revenues would likely be between $71.5 million and $75 million versus $62.4 million in 2009’s first quarter. This suggests that first quarter revenues will likely be up 15-20 percent over last year. Profits could be up by a slightly smaller amount, though management did not provide an explanation for this apparent lack of leverage. Management noted that demand for jewelry with a retail price above $25,000 has remained exceptionally strong into the first quarter of 2010.







