Coastal.com’s U.S. Eyeglasses Revenue and Units Increase 95 Percent in First Quarter

By
VANCOUVER, British Columbia—In anticipation of next month’s release of its financial results, Coastal.com (NASDAQ: COA) (TSX: COA) (Stockholm: COA) announced that for the first fiscal quarter ended Jan. 31, 2013 eyeglasses revenue and eyeglasses units in the U.S. market both increased by approximately 95 percent when compared with the first quarter of 2012.

Also during the first quarter ended Jan. 31, 2013, eyeglasses revenue in Canada increased approximately 36 percent and eyeglasses unit sales in Canada increased approximately 31 percent when compared to the first quarter of 2012, driven by increasing average order size of returning customers in the Canadian market, according to the company. Coastal’s total worldwide eyeglasses sales for the quarter were approximately $14 million.

This represents the first time Coastal.com has segmented eyeglass sales by country, a company spokesperson told VMail. Coastal will release full unaudited financial results for the first fiscal quarter of 2013 ended Jan. 31, 2013, on March 11, 2013.