Home | Business News | Browse by Publication | B | Business Wire

Design Within Reach, Inc. Reports Third Quarter and Nine Month Results.

Publication: Business Wire
Publication Date: 07-NOV-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Design Within Reach, Inc. Reports Third Quarter and Nine Month Results.(Financial report)

Article Excerpt
SAN FRANCISCO -- Design Within Reach, Inc. (NASDAQ: DWRI) today announced financial results for the third quarter and nine months ended September 27, 2008.



[TABLE OMITTED]

As of September 27, 2008, Design Within Reach had approximately $16.6 million in working capital resources, including approximately $5.1 million in cash and cash equivalents and approximately $11.5 million available for advances under its revolving credit facility. The Company has invested approximately $4.5 million in capital expenditures in the first nine months of 2008, and expects to invest approximately $3.0 million during the remainder of the year for information technology, DWR:Tools for Living stores and select studio remodels.

Guidance

Given the unprecedented macro-economic environment and the difficulty in forecasting future trends, the Company is withdrawing its previously-issued sales and earnings guidance for fiscal 2008. The Company is focused primarily on cash flow and remains committed to taking the necessary steps, including reducing expenses and managing inventory, to maintain liquidity and position the...



More articles from Business Wire
KBW Announces Changes to KBW Regional Banking Index (KRX)., November 07, 2008
Bay Area Council Applauds Efforts to Address Budget Emergency., November 07, 2008
Hitachi Released New Ranking Feature to Search by Drawing at Its Simil..., November 07, 2008
China Architectural Engineering Schedules Third Quarter 2008 Earnings ..., November 07, 2008
Port of L.A. Proposes a World-Class "L.A. Waterfront" and 21st-Century..., November 07, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.