New Albany, Ohio, Too Inc. said its third-quarter profit climbed 40%, which it credited to higher sales and improved margin return.
The specialty retailer reported net income of $16 million, or 48? a share, vs. a year-ago profit of $11.4 million, or 33? a share. Sales rose 16% to $203.5 million from $175 million in the prior-year period. Same-store sales jumped 8% at the company’s namesake chain and surged 19% at its value-oriented Justice brand.