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1-800-CONTACTS ranks in top 100 of magazine’s fast-growing firms

SHARE 1-800-CONTACTS ranks in top 100 of magazine’s fast-growing firms

DRAPER — 1-800-CONTACTS Inc. has been named one of the 100 fastest-growing companies in the nation by Individual Investor magazine.

The magazine's seventh annual rankings are listed in the September issue.

To be eligible for listing, companies must have doubled earnings during at least one of the past four quarters when compared with the prior-year period. For the 12 months that ends with the high quarter, the company's revenue must have increased by at least 25 percent year-over-year.

The company has about 325 employees and distributes replacement contact lenses made by leading brand names. Its sales have grown from $3.6 million in 1996 to $100 million in 1999. It stocks over 7 million contact lenses and delivers more than 100,000 directly to customers daily.

The magazine's listings featured comments about each company. In giving 1-800-CONTACTS a "thumbs down," the magazine said "legal concerns about selling contacts without a prescription should have investors seeing red."