Blue Nile, Inc. (NASDAQ:NILE)
CAPS Rating:
An online retailer of diamonds and fine jewelry, Blue Nile also provides an education for consumers on all sorts of rocks and rings.
An online retailer of diamonds and fine jewelry, Blue Nile also provides an education for consumers on all sorts of rocks and rings.
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Recs
Nile just missed earnings - 0.19 EPS diluted, versus 0.23 expected; and the price took a 5% haircut on the news.Last year - 2Q 09 - was a miserable time for the broad economy, where NILE also made 0.19 EPS diluted. Y-o-y NILE made 0.34 in the preceding 12 months, and 0.32 in the months before.The real story here is international sales. NILE's website is best in class - we know this - and it's starting to catch on overseas. International sales made up about 15% of last quarter's revenue, and international sales are growing at a 28% annual rate (21% if you adjust for currency, but why would you?)I really like that number, I like the way they're aggressively going after global share, and I think they'll continue to execute. So I'm going back to this well.