Body Central Corp (NASDAQ:BODY) is a specialities apparel store which targets women in their twenties who are from diverse cultural backgrounds. They currently operate 204 stores which are located in 23 states - mostly in the South, Midwest, and Mid-Atlantic. Body Central opened 6 stores in 2008, 15 in 2009, and is planning to open 25 stores in 2010.
Body Central expects to continue to expand in its existing markets and adjacent markets. The company hopes increase the number of stores by an approximate annual rate of 15% over the next few years.
The company's initial public offering of stock on the NASDAQ and occurred on October 14, 2010. The company offered 5M shares each for $13. This was below the initial price range of $14-$16. The goal of the IPO was to raise $150M in total. The lead underwriter of the deal was Piper Jaffray Companies (PJC).
The company's revenue figures have remained relatively steady over the past 3 years. In 2010, the company reported $199M, while in 2008, it reported $192M, and in 2007, it reported $196M. On the other hand, net income has risen over the course of the last 3 years. It reported a 2010 net income of $2.78M, while it 2008 it reported -$.95M and in 2007, -$39.33M