Steiner 1st Quarter Financials!
Question:
>They just keep getting >more and more expensive and the line of customers gets longer and longer.
Hi George, I just chalk this phenomenon up to one of life’s little mystery’s. Best regards, Ray LIGHTHOUSE TRAVEL 800-719-9917 or 805-566-3905 http://www.lighthousetravel.com
Response:
It proves that being at sea – on a cruise – tends to remove normal boundaries and rational thought by the passengers. It must be therapeutic – like making pots and small rugs in the mental ward. How else could we explain the limbo, t-shirt contests, pillow fights over the pool, napkin tying, and "art" auctions ? I have curios thru out our house that seemed important and wonderful when I found them on the shore or in the shops somewhere in the West Indies. At home, they look ridiculous. Must be the ocean air.
Response:
I had to laugh when I read this! On our last cruise we had to miss a port of call because of raucous weather. That meant we had five days at sea in a row, and by the end of the 4th day, things were getting pretty unreal aboard ship. I remember walking past the Ocean Bar (this was on the Ryndam) and there was a HUGE Macarena contest going on. I thought to myself, "hey this looks like fun… " and then immediately, "good god girl, what WERE you thinking?" <grin> Then I thought of Al Gore for some reason… Carolyn — I’d rather be stargazing… <remove the snoring from my email to send mail>
> It proves that being at sea – on a cruise – tends to remove normal
boundaries and rational thought by the passengers. It > must be therapeutic – like making pots and small rugs in the mental ward. > How else could we explain the limbo, t-shirt contests, pillow fights over
the pool, napkin tying, and "art" auctions ? > I have curios thru out our house that seemed important and wonderful when
I found them on the shore or in the shops – Hide quoted text — Show quoted text -> somewhere in the West Indies. At home, they look ridiculous. > Must be the ocean air.
Response:
Ray, I know MY wife did her part in raising revenues! 
They just keep getting more and more expensive and the line of customers gets longer and longer. George in NY — George in NY My cruise old links can be found on my pal and TA’s page http://www.bestweb.net/~travel1/ as well as recent Century review and photos and recent Destiny visit photos. All photo are taken by me and not copyrighted ( page copyrights don’t apply to photo’s ) and are herein declared in public domain for all to use, preferably on non-commercial cruise pages.
– Hide quoted text — Show quoted text -> Hi Everyone, > I received this press release from Steiner and thought it may be of > interest. If you have missed any of my news’ postings, they are > archived on my web site. > Best regards, > Ray > LIGHTHOUSE TRAVEL > 800-719-9917 or 805-566-3905 > http://www.lighthousetravel.com > NASSAU, The Bahamas–(BUSINESS WIRE)–April 26, 2001– Steiner Leisure > Limited (Nasdaq:STNR – news) today announced financial results for the > quarter ended March 31, 2001. > Steiner Leisure’s revenues for the first quarter ended March 31, 2001 > rose 7.3% to $41.0 million from $38.2 million during the comparable > quarter in 2000. Net income for the quarter was $5.9 million compared > with $5.6 million for the same quarter in 2000. > Earnings per share for the quarter ended March 31, 2001 was $0.39 per > share compared with $0.35 per share for the comparable quarter in > 2000. The above earnings per share data are presented on a diluted > basis. > Clive E. Warshaw, Chairman of the Board of Steiner Leisure, commented > “We are very pleased with the strong results reflected in the first > quarter of 2001. These increases continue to be attributable to the > introduction of new ships with enlarged and enhanced shipboard spa > facilities served by the company and general increases in the > productivity of our shipboard employees. These results were achieved > despite a number of factors that came into play during the quarter, > including that, our agreement to serve the vessels of Norwegian Cruise > Line was not renewed after its expiration on December 31, 2000, > effective January 31, 2001 we no longer offered our services and > products at the Atlantis Spa, Premier Cruise Lines filed for > bankruptcy and that one of our non-spa ships was in service for only a > portion of the quarter due to unscheduled mechanical problems, causing > 18 days of lost productivity.” > Share Repurchase Update > Pursuant to our common share repurchase program, we repurchased a > total of 849,400 of our shares for a total purchase price of > $12,854,819 from January 1, 2000 through April 24, 2001. To date, we > have repurchased 1,902,150 of the 3,187,250 shares authorized under > the share repurchase program. > Steiner Leisure Limited is the leading worldwide provider of spa > services and skin and hair products on board cruise ships. In > addition, the company develops and markets premium priced, > high-quality personal care products, which are sold primarily in > connection with the services the company provides. The company > currently serves 100 cruise vessels representing 24 cruise lines. The > company also operates three post-secondary schools (comprised of nine > campuses) in the United States offering degree and non-degree programs > in massage therapy, skin care and related areas. > Forward-Looking Statements > Certain statements in this news release and in our other published > information may contain forward-looking statements. Such > forward-looking statements are not guarantees of future performance > and involve known and unknown risks, uncertainties and other factors, > which may cause the actual results, performances or achievements to > differ materially from future results, performance or achievements > expressed or implied in such forward-looking statements. Such factors > include our dependence on cruise line concession agreements and > land-based spa agreements of specified terms and that are terminable > by cruise lines and the lessors of land-based spas with limited or no > advance notice under certain circumstances; the risk that renewals of > an agreement with a cruise line or land-based spa will require > reductions in margins on existing agreements, as well as on the > renewed agreement, with that cruise line or land-based spa; our > dependence on the cruise industry and our being subject to the risks > of that industry; uncertainties beyond our control that could affect > our ability to timely and cost effectively construct land-based spa > facilities; the risk that the company will be unable to effectively > integrate new acquired businesses or facilities; changes in tax and > other laws and regulations affecting Steiner Leisure Limited and other > factors described in further detail in Steiner Leisure Limited’s > filings with the Securities and Exchange Commission, including the > risk factors set forth in the Company’s Annual Report on Form 10-K for > the year ended December 31, 2000. > SELECTED FINANCIAL DATA > (in thousands, except per share data) > First Quarter ended > March 31, > 2001 2000 > —- —- > Revenues: > Services $ 26,092 $ 23,819 > Products 14,932 14,404 > —— —— > Total Revenues 41,024 38,223 > —— —— > Cost of Sales: > Cost of services 19,728 18,080 > Cost of products 11,149 10,660 > —— —— > Total cost of sales 30,877 28,740 > —— —— > Gross profit 10,147 9,483 > —— —– > Operating Expenses: > Administrative 2,154 2,020 > Salary and payroll taxes 2,123 1,869 > Goodwill amortization 185 123 > — — > Total operating expenses 4,462 4,012 > —– —– > Income from operations 5,685 5,471 > —– —– > Other income 512 414 > — — > Income before provision > for income taxes 6,197 5,885 > Provision for income taxes 296 311 > — — > Net income $ 5,901 $ 5,574 > ===== ===== > Income per share: > Basic $ 0.40 $ 0.36 > Diluted $ 0.39 $ 0.35 > Weighted average shares > outstanding: > Basic 14,762 15,588 > Diluted 15,293 15,998 > STATISTICS > First Quarter ended > March 31, > 2001 2000 > —- —- > Average number of ships > served(1) 94 104 > Average total number of staff on > ships served 1,055 1,052 > Revenue per staff per day(2) $ 358 $ 351 > (1) Average number of ships served reflects the fact that during > the year ships were in and out of service and, accordingly, the number > of ships served during the year varied. > (2) Revenue includes all sales from services and products on board > ships. Staff includes all shipboard employees. Per day refers to each > day that a cruise ship is in service. > The company will be holding a conference call at 10:00 am (E.S.T.) on > Friday, April 27, 2001. > Clive E. Warshaw, Chairman of the Board, and Leonard I. Fluxman, > President and Chief Executive Officer, will discuss financial results > for the first quarter of 2001, as reported above. > If you wish to participate in this conference call, please call (415) > 217-0050 for domestic and international calls approximately 10 minutes > before the scheduled time and give the password “Steiner”. This call > is available for replay from April 27 (approximately 3 hours after the > call takes place) for one week. You may reach it by dialing (913) > 385-6780 for both domestic and international calls. The PIN access > code is “2411.”
Response:
Hi Everyone, I received this press release from Steiner and thought it may be of interest. If you have missed any of my news’ postings, they are archived on my web site. Best regards, Ray LIGHTHOUSE TRAVEL 800-719-9917 or 805-566-3905 http://www.lighthousetravel.com NASSAU, The Bahamas–(BUSINESS WIRE)–April 26, 2001– Steiner Leisure Limited (Nasdaq:STNR – news) today announced financial results for the quarter ended March 31, 2001. Steiner Leisure’s revenues for the first quarter ended March 31, 2001 rose 7.3% to $41.0 million from $38.2 million during the comparable quarter in 2000. Net income for the quarter was $5.9 million compared with $5.6 million for the same quarter in 2000. Earnings per share for the quarter ended March 31, 2001 was $0.39 per share compared with $0.35 per share for the comparable quarter in 2000. The above earnings per share data are presented on a diluted basis. Clive E. Warshaw, Chairman of the Board of Steiner Leisure, commented “We are very pleased with the strong results reflected in the first quarter of 2001. These increases continue to be attributable to the introduction of new ships with enlarged and enhanced shipboard spa facilities served by the company and general increases in the productivity of our shipboard employees. These results were achieved despite a number of factors that came into play during the quarter, including that, our agreement to serve the vessels of Norwegian Cruise Line was not renewed after its expiration on December 31, 2000, effective January 31, 2001 we no longer offered our services and products at the Atlantis Spa, Premier Cruise Lines filed for bankruptcy and that one of our non-spa ships was in service for only a portion of the quarter due to unscheduled mechanical problems, causing 18 days of lost productivity.” Share Repurchase Update Pursuant to our common share repurchase program, we repurchased a total of 849,400 of our shares for a total purchase price of $12,854,819 from January 1, 2000 through April 24, 2001. To date, we have repurchased 1,902,150 of the 3,187,250 shares authorized under the share repurchase program. Steiner Leisure Limited is the leading worldwide provider of spa services and skin and hair products on board cruise ships. In addition, the company develops and markets premium priced, high-quality personal care products, which are sold primarily in connection with the services the company provides. The company currently serves 100 cruise vessels representing 24 cruise lines. The company also operates three post-secondary schools (comprised of nine campuses) in the United States offering degree and non-degree programs in massage therapy, skin care and related areas. Forward-Looking Statements Certain statements in this news release and in our other published information may contain forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performances or achievements to differ materially from future results, performance or achievements expressed or implied in such forward-looking statements. Such factors include our dependence on cruise line concession agreements and land-based spa agreements of specified terms and that are terminable by cruise lines and the lessors of land-based spas with limited or no advance notice under certain circumstances; the risk that renewals of an agreement with a cruise line or land-based spa will require reductions in margins on existing agreements, as well as on the renewed agreement, with that cruise line or land-based spa; our dependence on the cruise industry and our being subject to the risks of that industry; uncertainties beyond our control that could affect our ability to timely and cost effectively construct land-based spa facilities; the risk that the company will be unable to effectively integrate new acquired businesses or facilities; changes in tax and other laws and regulations affecting Steiner Leisure Limited and other factors described in further detail in Steiner Leisure Limited’s filings with the Securities and Exchange Commission, including the risk factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2000. SELECTED FINANCIAL DATA (in thousands, except per share data) First Quarter ended March 31, 2001 2000 —- —- Revenues: Services $ 26,092 $ 23,819 Products 14,932 14,404 —— —— Total Revenues 41,024 38,223 —— —— Cost of Sales: Cost of services 19,728 18,080 Cost of products 11,149 10,660 —— —— Total cost of sales 30,877 28,740 —— —— Gross profit 10,147 9,483 —— —– Operating Expenses: Administrative 2,154 2,020 Salary and payroll taxes 2,123 1,869 Goodwill amortization 185 123 — — Total operating expenses 4,462 4,012 —– —– Income from operations 5,685 5,471 —– —– Other income 512 414 — — Income before provision for income taxes 6,197 5,885 Provision for income taxes 296 311 — — Net income $ 5,901 $ 5,574 ===== ===== Income per share: Basic $ 0.40 $ 0.36 Diluted $ 0.39 $ 0.35 Weighted average shares outstanding: Basic 14,762 15,588 Diluted 15,293 15,998 STATISTICS First Quarter ended March 31, 2001 2000 —- —- Average number of ships served(1) 94 104 Average total number of staff on ships served 1,055 1,052 Revenue per staff per day(2) $ 358 $ 351 (1) Average number of ships served reflects the fact that during the year ships were in and out of service and, accordingly, the number of ships served during the year varied. (2) Revenue includes all sales from services and products on board ships. Staff includes all shipboard employees. Per day refers to each day that a cruise ship is in service. The company will be holding a conference call at 10:00 am (E.S.T.) on Friday, April 27, 2001. Clive E. Warshaw, Chairman of the Board, and Leonard I. Fluxman, President and Chief Executive Officer, will discuss financial results for the first quarter of 2001, as reported above. If you wish to participate in this conference call, please call (415) 217-0050 for domestic and international calls approximately 10 minutes before the scheduled time and give the password “Steiner”. This call is available for replay from April 27 (approximately 3 hours after the call takes place) for one week. You may reach it by dialing (913) 385-6780 for both domestic and international calls. The PIN access code is “2411.”
Response:
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