Tag Archives: Net income

Bassett Q1 Net Falls 14 Percent

Bassett

BASSETT, Va.-Downtrending sales, increased new store-related costs and reduced margins in its wholesale segment combined to slash Bassett Furniture’s first-quarter net income by 14 percent, to $843,000. Net sales in the quarter, which ended on March 1, fell 5.3 percent to $75.6 million. Included in the top-line total was a 5.4 percent decline in salesMore »

EveryWare Global Posts Q4 Loss, Increased Loss for FY

EveryWare Global

LANCASTER, Ohio-With gross margin off and expenses rising due to restructuring and the recently acquired business in the United Kingdom, EveryWare Global reported a net loss of $14.3 million in its fiscal fourth quarter, compared to net income of $1.1 million for its fourth quarter of last year. For the fiscal year ending on Dec.More »

Burlington Stores’ FY, Q4 Nets Fall

Burlington Stores

BURLINGTON, N.J.-Although the company’s top line picked up momentum in both periods, Burlington Stores posted declines of 36.2 percent and 6.4 percent in fiscal-year and fourth-quarter net income, respectively. Net income for the year totaled $16.2 million, and for the fourth quarter was $63.6 million (the company posted a net loss for the first threeMore »

TTI Posts Record Profit, Sales for 2013

TTI

HONG KONG-Techtronic Industries (TTI)—parent company of the Hoover, Dirt Devil and Oreck floor-care brands—set records for net income and sales in its fiscal year 2013. Net income for the year jumped 24.5 percent to $250 million. Net sales (referred to as turnover in TTI’s statement on its results) totaled $4.3 billion, up 11.6 percent fromMore »

Williams-Sonoma Net Flat in Q4, Up 8.6 Percent for FY

Williams-Sonoma Flagship

SAN FRANCISCO-Reduced margins and increased expenses offset a modest sales gain to bring Williams-Sonoma’s fourth-quarter net income to $133.8 million, essentially unchanged from last year’s fourth quarter. For the fiscal year ending on Feb. 2, the multichannel retailer logged in net income of $278.9 million, up 8.6 percent from the prior fiscal year. Gross marginMore »

Lifetime Brands FY, Q4 Net Fall; Acquires La Cafetière

Lifetime Brands

GARDEN CITY, N.Y.-Higher expenses and an increased provision for income taxes slashed Lifetime Brands’ bottom line for both the fiscal year and the fourth quarter, which ended on Dec. 31. Along with announcing its financial results, Lifetime also said it has acquired U.K.-based La Cafetière from The Greenfield Group Limited, including exclusive distribution rights. LaMore »

Big Lots Q4, FY Net Falls; CFO Johnson Upped to EVP

Big Lots

COLUMBUS, Ohio-Big Lots reported steep declines in net income for its fourth quarter and fiscal year, which ended on Feb. 1. Along with releasing its financial results, the retailer said Timothy Johnson, its senior vice president and chief financial officer has been promoted to executive vice president and chief financial officer. Net income for theMore »

Costco Q2 Net Falls 15.4 Percent

Costco

ISSAQUAH, Wash.-Weak sales and margins in certain product categories led to a 15.4 percent slide in Costco’s second-quarter net income, which totaled $463 million. Net sales in the quarter, which ended on Feb. 16, rose 5.8 percent to $25.6 billion, including a same-club sales increase of 3 percent. Gross margin slipped eight basis points toMore »