Steiner Leisure Limited Announces Second Quarter 2013 Financial Results

NASSAU, The Bahamas, July 31, 2013 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced financial results for the second quarter ended June 30, 2013.

Steiner Leisure's revenues for the second quarter ended June 30, 2013 increased 5.2% to $207.7 million from $197.5 million during the comparable quarter in 2012. Net income for the second quarter was $12.3 million compared with $14.1 million for the same quarter in 2012.

Earnings per share for the second quarter ended June 30, 2013 was $0.83 per share, compared with $0.92 per share for the comparable quarter in 2012. The earnings per share data are presented on a diluted basis.

Revenues for the six months ended June 30, 2013 increased 6.0% to $419.7 million from $396.0 million during the comparable six months in 2012. Net income for the six months ended June 30, 2013 was $25.0 million compared with $28.6 million for the same six months in 2012.

Earnings per share for the six months ended June 30, 2013 was $1.69 per share compared with $1.87 per share for the comparable six months in 2012.  The above earnings per share data are presented on a diluted basis.

Steiner Leisure Limited is a worldwide provider and innovator in the fields of beauty, wellness and education. We are dedicated to maintaining the highest quality standards and continually evolving to include and anticipate new developments within our industry. We aim to maintain and expand our existing diverse portfolio of services, products and brands, as well as to seek out new opportunities to complement our business.

Our services include traditional and alternative massage, body and skin treatment options, fitness, acupuncture, herbal medicine, medi-spa treatments and laser hair removal. We are committed to providing our customers with a wide-ranging assortment of beauty products, including premium quality options developed by us under our own brands, as well as those purchased from third parties.

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