Tween Brands 4Q Net Income Rises

New Albany, Ohio, Tween Brands said Wednesday its fiscal fourth-quarter net income grew 4%, aided by sales at established Justice stores. Earnings for the period ended Feb. 3 totaled $28.2 million from $27.1 million during the same period a year before. Revenue grew 16% to $272.3 million, from $235.1 million.

There was an extra week in the latest quarter, which boosted sales by $11.6 million. Comp-store sales rose 2% in the quarter. At its Justice stores, comp-store sales jumped 21% and at Limited Too stores, they were flat.

For the year, net income grew 19% to $64.8 million from $54.5 million in 2005. Revenue grew 17% to $883.7 million, from $757.9 million last year.

Login or Register to post a comment.