Net income increased 5% in the fourth quarter ended Jan. 31 to $25,288,000 from $24,080,000 on sales that slipped 2% to $754,617,000 from $766,785,000. Gross margin was down 50 basis points to 33.3%, and SG&A was down $14.5 million, and down 150 b.p. as a percent of sales. ... Log in to view full article.
