The Canadian operator of three banners reports FY net income of C$8,124,000 ($5.38mm) versus C$769,000 for the 12 months ended Jan. 31. FY EBITDA margin was 5 per cent, up from 4.1 per cent in FY98. Annual revenues rose 14 per cent to C$500,292,000 ($331.06mm) from C$439,141,000. Same store sales rose 18 per cent in corporate stores and 7 per cent in franchise locations. Forzani ended the FY with 132 corporate doors and 150 franchisees.

Fueled by a burst of Canadian consumer spending, better inventory management and buying, Q4 ... Log in to view full article.