Net income grew 33% in Q4 to $19,550,000 over $14,754,000 as net sales increased 4% to $291,308,000 from $279,160,000, with comps up 2.2%, as North American sales grew 5% to $224.4 million and International was up 3% to $66.9 million. In constant currency, however, the European and Australian results were off 7%. North America comped up 4.8%, while International comps were off 7.5%. By category, women’s led the gains, followed by men’s, accessories, and hardgoods. Footwear turned in the only negative comp.
The continued focus on driving full-price selling and cost cuts ... Log in to view full article.