Blue Nile Inc. announced the addition of Mindy Meads to its Board of Directors. Ms. Meads is a seasoned C-suite level executive with 35 years of experience in the global apparel industry. She currently serves on two public boards, Wet Seal and Mela Sciences. In these roles, she provides strategic counsel focused on growth and the use of multi-channel business strategies. Previously, Ms. Meads was Co-CEO of Aeropostale. Prior to Aeropostale, Ms. Meads served as CEO and President of Victoria's Secret Direct. In addition to her corporate work, Ms. Meads sits on the Board of Governors of HOBY (Hugh O'Brian Youth Leadership) and the Board of Trustees of the Masters School. She serves as an Advisor to LIM College in New York City, The Little Black Bag Accessory Company, and the Be Kind People Project.

Blue Nile Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $832,000 or $0.07 per basic and diluted share on net sales of $97,111,000 compared to net income of $154,000 or $0.01 per basic and diluted share on net sales of $83,103,000 a year ago. Operating income was $1,158,000 compared to $219,000 a year ago. Income before income taxes was $1,302,000 compared to $272,000 a year ago. Net cash used in operating activities was $44,406,000 compared to $31,274,000 a year ago. Purchases of property and equipment was $911,000 compared to $770,000 a year ago. Non-GAAP adjusted EBITDA for the quarter totaled $3,099,000 compared to $2,285,000 a year ago. Non-GAAP free cash flow was $45,317,000 compared to $32,044,000 a year ago. International net sales for the first quarter 2013 were $17,600,000 compared to $14,100,000 for the first quarter 2012, an increase of 24.8%. Excluding the impact from changes in foreign exchange rates, international net sales increased 25.9%. Earnings per diluted share for the first quarter 2013 included stock based compensation expense of $0.05 compared to $0.05 for the first quarter of 2012. Cash flow used in operations totaled $44,400,000 during the first quarter. The company provided earnings guidance for the second quarter ending June 30, 2013. Net sales are expected to be between $100 million and $105 million. Earnings per diluted share are projected at $0.13 to $0.17. The company provided earnings guidance for the year ending December 29, 2013. Net sales are expected to be between $440 million and $470 million. Earnings per diluted share are projected at $0.75 to $0.85.

Blue Nile Inc. announced that they will report Q1, 2013 results at 9:05 PM, GMT Standard Time on May 02, 2013