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Costco Wholesale Corporation (NASDAQ:COST) reported net sales of $6.74 billion for the month of July, the four weeks ended July 31, 2011, an increase of 15 percent from $5.86 billion during the similar period last year. This year's four-week period included 27 days in the U.S. (U.S. warehouses closed Independence Day) versus 28 days last year (Independence Day was in the June reporting period). The calendar shift negatively impacted this year's total and comparable sales by approximately three percent (three-and-a-half percent in the U.S.). Also, this year's four-week period included sales from the Company's Mexico joint venture; otherwise the net sales increase would have been 12 percent.
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
CRWE's digital network is designed, on behalf of its clients, to bring together targeted high-income audiences and advertisers on its financial websites that include, among others, DrStockPick.com, PennyOmega.com, BestOtc.com, CRWEFinance.com, CRWESelect.com, CRWEPicks.com and StockHotTips.com.
The internet advertismenet can be done by pop ups, business websites, through email Marketing, Video, banners, and many others. It is relatively inexpensive to publish information on the Internet. At a fraction of the cost to publish information by traditional methods, various organizations and individuals can now distribute information to millions of users. It costs only a few thousand dollars to establish an Internet presence and publish content on the Internet.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
For more information, please visit their website: http://www.crownequityholdings.com
IRIDEX Corp. (Nasdaq:IRIX) reported improved financial results for the second quarter ended July 2, 2011. For the second quarter of 2011; earnings increased 13% to $0.9 million or $0.09 per diluted share, up from $0.8 million or $0.08 per diluted share reported in the second quarter of 2010. Total sales increased to $10.8 million in the second quarter of 2011, up 9% from $9.9 million in the second quarter of 2010. For the first half of 2011: earnings increased 15% to $1.5 million or $0.14 per diluted share, up from $1.3 million or $0.13 per diluted share reported in the first half of 2010. Total sales increased to $22.0 million, up 7% from $20.6 million.Direct ophthalmology sales grew 8% in the second quarter of 2011 and 9% in the first half of 2011.
IRIDEX Corporation provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat eye diseases in ophthalmology, and skin conditions in dermatology in the United States and internationally.
Flexsteel Industries Inc. (NASDAQ:FLXS) announced that its operating results for the three-month and fiscal year ended June 30, 2011 will be released on Tuesday, August 16, 2011, after the market close. Senior management will host an analyst's conference call to review fourth quarter and fiscal year-end operating results at 10:30 am CT on Wednesday, August 17, 2011. Access to the call is open to the press and general public in a listen only mode. To access the call, please dial 1-866-830-5279 and provide the operator with ID# 73569763. A telephone playback will be available for two weeks beginning approximately two hours after the conclusion of the call by dialing 1-800-642-1687 and entering ID# 73569763. Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was incorporated in 1929.
Flexsteel is a designer, manufacturer, importer and marketer of quality upholstered and wood furniture for residential, recreational vehicle, office, hospitality and healthcare markets.
Hampden Bancorp, Inc. (NASDAQ:HBNK), which is the holding company for Hampden Bank, announced the results of operations for the three and twelve months ended June 30, 2011. The Company had net income for the three months ended June 30, 2011 of $27,000, or $0.00 per fully diluted share, as compared to $622,000, or $0.09 per fully diluted share, for the same period in 2010. The decrease in net income was primarily due to an increase in the provision for loan losses of $400,000, or 133.3%, for the three month period ended June 30, 2011 compared to the three month period ended June 30, 2010. The increase in the provision for loan losses is due to increases in non-accrual loans, increases in impaired loans, and general economic conditions. Additionally, the Company had a decrease in net interest income of $135,000 for the three months ended June 30, 2011 compared to the three months ended June 30, 2010. There was a decrease in interest and dividend income, including fees, of $635,000, or 9.3%, for the three months ended June 30, 2011 compared to the three months ended June 30, 2010. This decrease in interest income was mainly due to a decrease in loan income of $499,000 and a decrease in debt securities income of $146,000. For the three month period ended June 30, 2011, interest expense decreased by $500,000, or 22.3%, compared to the three month period ended June 30, 2010. This decrease in interest expense was due to a decrease in deposit interest expense of $383,000 and a decrease in borrowing interest expense of $117,000. There was a decrease in the rates of deposits and a decrease in the average balance of borrowed funds due to the Company paying off some higher rate borrowings. Our combined federal and state effective tax rate was 32.5% for the three months ended June 30, 2011 compared to 30.3% for the same period in 2010.
Hampden Bancorp, Inc. operates as the holding company for Hampden Bank that provides various banking and financial services to individuals and small businesses in Hampden County, Massachusetts.
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