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Lenox Group Inc. Reports First Quarter 2008 Results for its first quarter ending March 29, 2008. - courtesy of the Trading Markets website An excerpt from their article: Net sales for the first quarter 2008 totaled $71.4 million as compared to $86.4 million for the comparable prior year period. Net loss for the first quarter of 2008 was $9.1 million as compared to a net loss of $13.0 million in the comparable prior period. EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted for special or one-time items for the first quarter of 2008 was a loss of $5.2 million as compared to loss of $11.4 million for the same period in 2007. (See table below). The Company's business is highly seasonal and historically operates at a net loss in the first quarter of its fiscal year. Marc Pfefferle, Interim Chief Executive Officer, said, "The reduction in net sales is primarily due to lower inventory liquidation sales in the first quarter of 2008 as compared to 2007...

Lenox Group, which purchased Department 56 two years ago, recently released their latest earnings report . It wasn't particularly resounding, and D56 wasn't mentioned at all, until they started talking about what they're going to do to come out of it: "integrate certain Lenox and Department 56 operations". In a related story, Lenox Group, Inc. announced they are going to work with IMC Licensing to come up with new products and markets . Excerpt: Lenox Group Inc. (NYSE: LNX), a leading tabletop, giftware and collectible company, today reported financial results for its fourth quarter and full year ending December 29, 2007. Net sales for the fourth quarter 2007 totaled $135.0 million as compared to $159.1 million for the comparable prior year period. Net income for the fourth quarter of 2007 was $4.4 million as compared to a net loss of $6.4 million in the comparable prior period. EBITDA (earnings before ...