Net income jumped 69% to $33,307,000 from $19,742,000 on a 6% increase in sales to $604,288,000 from $587,263,000 as CAB lowered its promotional profile, raised its margins significantly and said it would meaningfully accelerate its retail expansion in 2013 from the five stores it plans to open in 2012. A particular target would seem to be the Canadian market, where CAB feels the competitive situation favors it.

The retail business showed a 7% increase in revenues to $393.8 million from $368.7 million despite a comp store decline of 1.6% that was the result of eliminating a major cash card promotion this ... Log in to view full article.