Thu, December 3, 2020, 1:00 PM GMT+1·18 min read Announces new share repurchase authorization of $20 million
Third Quarter 2020 Financial Highlights:
- Net sales increased 1.2% to $146.6 million, with 51 fewer stores; comparable sales increased 8.9%, including e-commerce growth of 49.9%
- Gross profit margin of 36.1% compared with 27.7% in the prior year, an increase of 840 basis points, or $12.7 million
- Operating expenses of 27.2% of net sales compared with 37.5% in the prior year; excluding impairments a reduction of 810 basis points, or $11.3 million
- Earnings per diluted share of $0.82 compared with loss per diluted share of $1.61 in the prior year