The Right Start Inc

The Right Start Inc., a Westlake Village marketer of children's items by catalogue, said its fiscal second-quarter profit fell 23% from a year earlier despite a 55% jump in revenue. In the quarter ended Nov. 25, Right Start's net income fell to $204,000 from $266,000 a year earlier, even though its revenue climbed to $10.1 million from $6.55 million.

The Right Start Inc., a mail-order marketer of children's merchandise, has completed an initial public stock offering that provided the Westlake Village company with $11.5 million in gross proceeds. Two million common shares of Right Start were offered to the public last week for $5.75 a share. The stock was offered by American Recreation Centers Inc., a Sacramento-based concern that formerly owned all of Right Start.

The Right Start Inc. reported a net loss of $5.378 million for a 33-week period ending Feb. 1. Because of a change in its fiscal year end, the Westlake Village-based company reported results from June 1, 1996. For the calendar year ended June 1, 1996, the company reported a net loss of $3.899 million. The Right Start, which retails baby products, has opened 15 stores since June, bringing its total number of retail outlets to 38.

The Right Start Inc., a Westlake Village seller of products for infants and young children, reported revenues of $45.7 million for the fiscal year ended May 31, compared with revenues of $50.5 million for the fiscal year ended May 25, 1994. The company recorded a net loss for fiscal 1995 of $2.1 million, or 33 cents per share, compared with net income of $176,000, or 3 cents per share, last year.

The Right Start Inc., a mail-order catalogue company specializing in children's items, posted a $60,000 loss for its fiscal third quarter ended Feb. 26. The loss compared with a year-earlier profit of $294,000 and reflected "poor response rates for its 1991 holiday catalogue as a result of the recession," the Westlake Village-based company said. Its third-quarter revenue rose 7%, to $5.46 million from $5.10 million.

The Right Start Inc., a Westlake Village mail-order marketer of upscale children's items, said its fiscal second-quarter net income dipped 9% to $266,000 from $292,000 a year earlier despite a 44% jump in revenues, to $6.55 million from $4.56 million. For the six months that ended Nov. 27, profits rose 10% to $685,000 from $621,000 a year earlier. Sales rose 56% to $15 million from $9.6 million.

The Right Start Inc., a Westlake Village mail-order merchandiser and retailer of baby products, said it expects to report a "significant loss" for its fiscal third quarter ended March 2 because of operating losses for its catalog and severance costs related to the resignation of its former chief executive. The firm said it expects to continue losing money through its fiscal year ended June 1, and possibly into fiscal 1997.

The Right Start Inc., a Westlake Village-based retailer of children's merchandise, said its products will be among the wares catalogued on computer CD-ROM disks to be distributed across the country next month by a multimedia shopping service. Customers who receive the disks will be able to view digital images of the company's merchandise on their personal computers. Images of merchandise from other mail-order companies will also be included on the disks.

The Right Start Inc., a mail-order marketer of upscale children's items based in Westlake Village, said its earnings for its fiscal third quarter ending Feb. 26 will decline sharply because of disappointing results of its 1991 holiday catalogue. The company blamed the recession for a poor response rate to its catalogue, despite mailing more than 3 million out, compared to 1.7 million a year earlier. The company said it reduced its January mailing to 2.

American Recreation Centers Inc. plans to spin off 33% of its The Right Start Inc. unit to the public through an initial public offering of 2 million common shares. The Right Start is a Westlake Village-based marketer of infant's products. American Recreation is a Sacramento-based concern that also operates 27 bowling centers in California and Texas. It would continue to own a controlling 67% of The Right Start after the offering.