Net income was $1,223,000 against a loss of $161,000 for the three months ended May 5 this year as sales gained 2% to $123,634,000 from $120,947,000 that included a 0.1% comp store gain adjusted for the calendar shift against a 1.2% comp gain last year. Brick-and-mortar comps rose 1.2%, partially offset by a 7.2% decline in e-commerce sales, with gross margin growing 110 b.p. to 28.3% with a 120 b.p. in BDO leverage partially offset by a 10 b.p. reduction in merchandise margins from lower IMUs. That was partially offset by 20 b.p. of SG&A leverage from corporate payroll savings ... Log in to view full article.