Net income handily exceeded guidance at $158 million against a loss of $49 million last year with total sales up 3% to $2,272 million compared to $2,210 million that were propelled by a 9.7% comp store gain. Last year’s results included a $148 million litigation charge related to an old lawsuit on pension liability while this year had a $20 million impairment charge on Six:02 and Runners Point, so adjusted income, excluding the effect of last year’s 53^rd week and other items, was $177 million compared to $139 million, up 27%. GAAP income for the year was $541 million compared ... Log in to view full article.