The company justified the confidence of the market by producing a revenue growth of more than 41% in the fiscal year ending January 2013 with 52 new stores. The company showed continued growth in fiscal 2014 as well with 62 new stores and a revenue growth of 27%. For the current fiscal year which ends in February 2015, the sales jumped more than 30% to $278.5 million with 49 new stores openings.
A larger part of the revenue growth comes from the increase in the number of stores. So, with management team trying to expand the size of the company, there is a plenty of room for the revenue to grow in the future. Furthermore, because of their trend following production selection process, their merchandise will keep adapting to the new trends and grow their sales consistently.
Net income increased to $11.4 million in the twenty-six weeks ended August 2, 2014 from $5.6 million in the twenty-six weeks ended August 3, 2013, an increase of approximately $5.8 million, or 102.2%. The profit margin for this company has also been increasing in the past three years -current year: 6.00%, Last year: 4.78%, Two years ago: 5.41%.