Net income in the final quarter was up 26% to $34,381,000 from $27,189,000 for the Journeys’ parent, as total group revenues climbed 1% to $745,949,000 to $738,950,000 including a 10% comp that more than offset the past year’s 63 net store closures. E-commerce increased 18% to 30% of total sales, while brick-and-mortar comp was +6%. Last year’s 53rd week was a headwind; revenues would have been 7% higher, excluding that impact.
Journeys comped up 14%, and sales improved 5% to $478.1 million, capping a turnaround that began in H1. A new executive ... Log in to view full article.