Adam & Eve Reports Strong 3rd Quarter Financial Results
HILLSBOROUGH, N.C. — AdamAndEve.com announced its third quarter financial results today.
The company reported sales increases of 9 percent and profit increases of 78 percent over last year.
Year-to-date sales are up 9 percent and profit is up 28 precent.
The figures represent what the company is calling a "continued record setting trend."
"We are greatly pleased with the third quarter 2011 results," said Chad Davis, director of marketing. "This has been a stellar year for Adam & Eve so far.”
Davis attributes these results to increased acceptance for advertising in mainstream media as well as decreased marketing costs and minor reductions in overheard.
“Although we still utilize traditional paper-based marketing channels, we have found that many new methods of customer acquisition work more efficiently for us. Paid search, email and new media efforts including podcasts and mainstream television placement have made us a more efficient multi-channel marketer,” Davis said.
Adam & Eve policy does not disclose actual dollar amounts.