The Seattle-based co-operative reported net income of$19.1 million against $16.0 million. Operating income was 17% higher at $56,042,000versus $47,627,000 for the 12 months ended Dec. 31. Total declared patronagedividends rose 6% to $41,295,000. The REI profits were achieved on a 9.5%increase in revenues to $805,334,000 versus $735,359,000. Comparable storesales improved 2.9% for the year. Direct sales, meanwhile, rose ... Log in to view full article.
