MERRIMACK, N.H.–Net income for specialty retailer Brookstone skyrocketed by more than 293 percent in its fiscal year 2007, reaching $6.4 million.
The company accomplished this on a sales gain of 10 percent for the year to $562.8 million; and a 30.5 percent increase in operating profit, which totaled $39.9 million. These increases overcame an 8 percent rise in cost of sales and a 10 percent uptick in selling, general and administrative expenses. Among other positive results, Brookstone posted a 5 percent increase in same-store sales in 2007.
